WTI prices fell, yesterday, after, climbing above $97. Brent crude oil continued its climb, however, and is now above $118. The Brent-WTI spread dynamic is still very much at work. The latest news impacting the spread was news that BP’s Whiting Indiana refinery restart would be delayed again. That outage is impacting the very condition that the Seaway-pipeline-to-nowhere reversal was supposed to alleviate.
Energy Overview — TotalView™ of the Energy Markets