Coniagas Battery Metals Inc. T.COS

WTI VS Brent

[namsoc]

I wish I knew how to post a chart here.  Since I don't know how, here is a some interesting data to browse.  Below is Brent vs WTI and the difference.  Note that Brent has bounced off close to $48 three times and has been fairly flat since Jan 13.  Jan 13 was the lowest close.  Also note that the gap between WTI has Brent has increased from $1.38 on Jan 14 to $4.53 today, Jan 29.  

Hopefully this bottoming in Brent will show up in WTI.  What this is saying to me is that world oil supply and demand, EX US, may be in reasonable balance for this time of year.  The problem may be over supply in the US.  Note that inventories in the US have gone up by more than 10 M barrels for each of the last two weeks.  Makes me wonder whether Saudi Arabia isn't stuffing their storage in the US to put more pressure on the US drillers.

Namsoc 

	Brent	WTI	Diff
Dec 31, 2014	57.33	53.27	4.06
Jan 02, 2015	56.42	52.69	3.73
Jan 04, 2015	55.82
Jan 05, 2015	54.17	50.04	4.13
Jan 06, 2015	52.13	47.93	4.20
Jan 07, 2015	52.17	48.65	3.52
Jan 08, 2015	52.03	48.79	3.24
Jan 09, 2015	51.3	48.36	2.94
Jan 11, 2015	50.59
Jan 12, 2015	48.7	46.07	2.63
Jan 13, 2015	47.82	45.89	1.93	X
Jan 14, 2015	49.86	48.48	1.38
Jan 15, 2015	48.27	46.25	2.02
Jan 16, 2015	50.17	48.69	1.48
Jan 18, 2015	49.95
Jan 19, 2015	48.84
Jan 20, 2015	47.99	46.39	1.60	X
Jan 21, 2015	49.03	47.78	1.25
Jan 22, 2015	48.52	46.31	2.21
Jan 23, 2015	48.79	45.59	3.20
Jan 25, 2015	47.92			X
Jan 26, 2015	48.16	45.15	3.01
Jan 27, 2015	49.6	46.03	3.57
Jan 28, 2015	48.47	44.45	4.02
Jan 29, 2015	49.06	44.53	4.53