Oil may break out, up or down?
https://www.investing.com/analysis/energy-futures:-major-upside-breakout-or-bull-trap-ahead-180872
Brent is making higher highs and I don't think the spread between Brent and WTI will widen drastically short term. Brent and WTI had historically traded in line with each other. Only in recent years WTI has traded lower than Brent because the surge in production in the United States has caused a buildup of crude oil inventories at Cushing, Oklahoma, where WTI is priced. The spread has narrowed this year because increased pipeline capacity and crude transportation by rail have allowed inland crude to more efficiently travel to refiners on the coast area. The most notable improvement is the reversal and expansion of Seaway Pipeline which allow more crude to flow from Cushing to the Gulf Coast. The effect of these changes is long term. I believe, as far as the US is still importing oil, the price of WTI will closely follow the price of Brent.
With the global economy recovering (US, Japan, Europe and China), Middle East practically in flame, I don't see why Brent price will break down.