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Why the Brent-WTI Spread Could Be Important

Robert Scott
Updated
Why the Brent-WTI Spread Could Be Important

On October 15, Brent crude oil December futures settled ~$9 higher than the WTI crude oil November futures. On October 8, the spread was ~$9.62. On October 8–15, Brent crude oil December futures fell 3.7%—30 basis points more than the fall in WTI or US crude oil November futures. In the past five trading sessions, the United States Brent Oil ETF (BNO) has fallen 3.8%, while the United States Oil ETF (USO) has fallen 3.5%. BNO tracks Brent crude oil futures, while USO follows US crude oil futures.

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