Intraday Market Thoughts
Brent-WTI Spread Disappears for now
by
Jul 22, 2013 16:42
For the first time in 3 years, the premium of Brent oil (North Sea) over West Texas Intermediate (US crude WTI) has fallen below zero. Despite an increase in both oil benchmarks, the more rapid rise in the price of WTI has dragged down the spread to $-0.54, for the first time since February 2010. The aforementioned dynamics are seen to be largely temporary as they reflect the increase in WTI, rather than a decline in Brent. More charts & analysis here
Latest IMTs
-
Timing Gold's Intraday Reversal توقيت إنعكاسات الذهب
by Ashraf Laidi | Jan 27, 2023 17:07
-
Another Short Long Combo in Gold مضاربة الذهب على الإتجاهين
by Ashraf Laidi | Jan 18, 2023 17:38
-
CAD on the Cusp
by Ashraf Laidi | Jan 11, 2023 16:13
-
Is CNH H&S Complete?
by Ashraf Laidi | Jan 9, 2023 20:49
-
Metals vs Energy Before & After
by Ashraf Laidi | Jan 6, 2023 12:43