WTI at historic high v Brent8 Aug 2019 21:03
I have been following daily oil movements for the 5 or 6 years I have been invested here at PMO. The gap between Brent and WTI has always been between 5 and 10 dollars in favour of Brent. As I speak to you, the difference is now only 4.7... I have never seen this before and in the main, there has been on avarage an 8 dollar gap, so it is almost half now. That means in my opinion that when oil rises again at last, Brent has a much higher chance of opening the gap again, so it should rise more than WTI. We need DBNO to agree with me now and also to explain why he / she thinks that the gap is currently so low?