Oil prices are mixed, once again, this morning. The Brent-WTI spread has been the featured trade over the past several sessions, as market participants have favored one over the other each day. Today, Brent is being favored. According to the API, US oil and refined product demand rose in July to the highest level for the month in 3 years. Gasoline demand was up 2.2% and distillate demand was up 8%.
Energy Overview — TotalView™ of the Energy Markets