WTI and Brent Benchmarks: no Rx for WTI any time soon

Journal article

There is little mystery about why West Texas Intermediate (WTI) crude oil started to see its price de-couple from time to time from sister crude benchmark Brent starting in 2007. There’s even less mystery about the near complete disconnect in the market values of these two crude streams, which came to the fore in 2010 and will linger in the market for at least another 18–24 months, perhaps even longer: crude oil supply has become congested in the US mid-continent and it is highly unlikely that there will be a short-term fix. The separation between WTI and global markets looks likely to worsen before it improves.

Authors: Morse, E

• Publication status: Published
• Peer review status: Peer reviewed
• Publisher: Oxford Institute for Energy Studies
• Journal: Oxford Energy Forum
• Volume: 84
• Pages: 13-15
• Publication date: 2011-05-01
• Edition: Publisher's version
• ISSN: 0959-7727
• Language: English
• Keywords: OIES