More Widening For The Brent/WTI Spread Ahead?
Thursday, February 7, 2013 The Brent-WTI Crude Oil spread has widened more than $3 over the past five sessions to over $20. The continuing problems with the Seaway Pipeline have led to bottlenecks, resulting in an increase in inventory levels at the NYMEX delivery point in Cushing, Oklahoma. The Seaway pipeline transports Crude Oil from [...]
Thursday, February 7, 2013
The Brent-WTI Crude Oil spread has widened more than $3 over the past five sessions to over $20. The continuing problems with the Seaway Pipeline have led to bottlenecks, resulting in an increase in inventory levels at the NYMEX delivery point in Cushing, Oklahoma. The Seaway pipeline transports Crude Oil from Cushing to refineries along the Gulf Coast. The bottlenecks can be seen as a temporary condition, suggesting the spread could, potentially, tighten once the … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards