Brent Oil $ 18 (20%) more 'top of the WTI, who explains why'?
On 15 February at 12.15, Brent was $ 103.72 / b, the WTI $ 85.33 / b. The 'ultimate explanation for this difference, and' on Sole24ore today, writes senior procurement from China (which are obviously more 'influential in this market) and tensions in the Middle East (which should, however,' also affect the WTI is that instead down). When
and 'started the gap between the two markets, the European (Brent) and American (WTI) and the first explanation' was the incident at 'BP pipeline in Alaska that would INTEROTTICA supplies of crude oil is similar to Brent. But the 'pipeline and' been repaired for some time, a few weeks, and instead increases the gap forever. So obviously this was not a valid reason.
opposite view: U.S. stocks abundant while Brent is sold to China is increasing greatly purchases. The increases in China are true, the stagnation in the U.S. is not 'above the stagnation in Europe, but if you really intended to China's crude oil comes from this market it could be one reason for the gap. Other
being said, Brent does not include (or includes) the physical delivery and
the Arab uprisings, which put fibrillation in the Middle East. Any problems in the production and transport in this crucial area of \u200b\u200bthe world would have more impact 'on the European market in the U.S.. Not very convincing argument because 'the Middle East is at least 33% of crude oil worldwide, there are 60% of deposits declared, then any problems would have repercussions throughout the oil market, including the U.S.. As I repeat the WTI and 'fell from a price of $ 90 / b, met at the beginning of the Egyptian revolt, to $ 85 / b today
No suggested as a possible cause for the decline in crude oil production in the North Sea Europe, crude should be the main source of this market. In this area the production peak and 'was already' passed and the decline and 'more' rapidly than expected.
This' little (very little) which is said to explain a phenomenon (the growing gap between Brent and WTI), which is becoming significant (much). I believe that the size of this difference deserve more attention by analysts and observers
Marco Palombo
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