The Spread Between Brent And WTI Has Aligned With Transatlantic Freight Costs
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Source: zerohedge.com
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The Spread Between Brent And WTI Has Aligned With Transatlantic Freight Costs
The discount at which WTI trades relative to Brent is now nearly exactly aligned with the cost of shipping U.S. crude to Europe.
Source: oilprice.com
This is the Normal Oil Price
'Normal in the eyes of most market participants today is $60 per barrel, but this perception is probably largely based on the recent experience of the mark...
Source: rigzone.com
Brent Oil Price Highly Likely to Move Above $100
'It is now less than $5 per barrel away from that level and only noise is needed to bring it above'.
Source: rigzone.com
Energy prices: surging oil market bring $US100 crude back in sight
Premiums for physical barrels are surging, with supplies from the Middle East, Azerbaijan and even Russia commanding premiums as refiners clamber to make diesel.
Source: afr.com