John Paul Hampstead
Wednesday, October 31, 2018
Brent-WTI spread widens; crude prices propped up by supply worries
The pipelines taking oil away from the Permian are at capacity, causing a buildup of WTI inventory at the Cushing, OK storage sites and depressing the price of WTI against Brent. Prices would be even lower if Venezuela and Iran weren’t causing further worries about global supply.
