Post by
Arbourmark on Nov 26, 2021 3:08pm
Brent $82 vs WTI $68
Can some explain the huge gap between Brent and WTI today.
Brent currently flat for the day while WTI is down 13% to $68.
Comment by
Oldnagger on Nov 26, 2021 3:39pm
I turned on CNBC to see what they said. Seems they took the day off !!
Comment by
cttglvr on Nov 26, 2021 3:48pm
My screen is showing Brent at $72.89 down $9.33
Comment by
longonlargo2 on Nov 26, 2021 4:21pm
And this is why you hedge forward production!
Comment by
geemonet on Nov 26, 2021 5:08pm
It'll be back up next week, opec won't increase production, maybe will even lower production. sure the price of oil went down big today, but it's pretty much a holiday and not many contracts actually traded hands, dec 3 it'll be back over 80 a barrel.
Comment by
lashing on Nov 27, 2021 3:07pm
It is short term noise. Barring any new covid lockdowns that is, which are very possible. Politicians are like wok youth. They dont have any personal connection or experience in the real world so they will go crazy, sause all sorts of problems and be shocked at the results.
Comment by
Arbourmark on Nov 26, 2021 5:15pm
Take a look again at the Brent chart, it closed at $82 and spiked up $10 at the close at 1:44PM
Comment by
geemonet on Nov 26, 2021 5:32pm
Says 72.72 on oilprice.com
Comment by
Arbourmark on Nov 26, 2021 8:08pm
very strange I was looking at market watch through the day and it clearly showed a large spike to $82 at 1:44pm but now is shows $72.72 as you have stated.