“Brent crude futures rose 82 cents, or 0.7%, to $114.32 a barrel by 0105 GMT after a 2.4% gain on Monday.”
There are at least 100 grades of oil…Brent crude is the cream of the crop - easy to refine.
canadian oil sands oil requires mixing with other grades of oil to be useful. It sells at 10 to 20 dollar discount or more. Same for Venezuela oil sands oil.
US oil prices have typically been 10 bucks below Brent prices.
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US oil prices have typically been 10 bucks below Brent prices
Yep. WTI prices fell to below $100 per barrel today, at time of writing, for the first time since shortly after the Ukraine invasion:
https://www.marketwatch.com/investing/future/crude%20oil%20-…
Albaby
Yep. WTI prices fell to below $100 per barrel today, at time of writing, for the first time since shortly after the Ukraine invasion:
Like I said… maybe, maybe not.
U.S. West Texas Intermediate crude climbed to a session high of $102.14 a barrel Tuesday.
…
“The fundamental story regarding global tightness is still there … The sell-off was definitely overdone,”