The oil patch is so optimistic, you know? As soon as something good happens–especially against a backdrop of bad–we throw a party. And with the current WTI/WCS price differentials hammering Canadian producers–not to mention provincial and federal coffers–as soon as the spread narrowed in the summer, we threw this happy party. 486 more words
Tags » WTI
Brent falls below $112/bbl after OPEC bet that demand won’t weaken enough to warrant production cuts. WTI recorded largest three-month loss in five years on piling up stocks in the US, bringing the Brent-WTI spread to now ~$14 level.
Much like how oil lubricates the engine of your car, oil is the single most important input for lubricating the global economic engine. As such, a host of fundamental factors can influence its price, making crude oil arguably one of the most complex commodities to trade. 490 more words