Do These Benchmarks Signal An Oil Price Spike?

As the market price for oil fell way below $50 in New York and
hangs around $52 in London, there’s a much more important oil-price
bellwether that’s being ignored. It’s crucial to predicting where
oil prices are headed. Whenever this number is high, oil prices
tend to surge. And it’s not been this high in two years… Why Brent
Trades Higher than WTI I’m talking about the spread between WTI and
Brent, which is once again expanding. WTI is West Texas
Intermediate, the benchmark crude rate for futures contracts…

As the market price for oil fell way below $50 in New York and
hangs around $52 in London, there’s a much more important oil-price
bellwether that’s being ignored. It’s crucial to predicting where
oil prices are headed. Whenever this number is high, oil prices
tend to surge. And it’s not been this high in two years… Why Brent
Trades Higher than WTI I’m talking about the spread between WTI and
Brent, which is once again expanding. WTI is West Texas
Intermediate, the benchmark crude rate for futures contracts…