- Blog
Goodbye Stranger? – Brent and WTI Take Separate Paths Again
The Brent premium to West Texas Intermediate (WTI) on Friday (October 18, 2013) was $9.14/Bbl – indicating a new disconnect between US crude prices and international levels. Unlike last time a big Brent premium to WTI opened up in 2010 the price of Light Louisiana Sweet at the Gulf Coast is still tracking with WTI rather than following Brent. This suggests that the US Gulf Coats is long crude at the moment and that imports of Brent priced crude are not required. Today we discuss the current Gulf Coast crude market.
