WTI oil prices are rebounding, modestly, as Brent crude oil slips. Yesterday, WTI prices fell, on lingering concerns about demand growth prospects from China and the inherent weight of all the speculative length that has built up in the market to record levels, recently. The Brent-WTI spread is whipping around like a flat price, front-month futures contract trade. Sometimes spreads can produce some juice. Today, Brent is getting pressured lower on news that Northern Iraq oil flows have resumed, and that the latest Sudan-South Sudan row over oil exports has been resolved, yet again.
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