Seeking Alpha

Brent crude is poised to overtake West Texas as the world’s most-traded commodity for the...

Brent crude is poised to overtake West Texas as the world’s most-traded commodity for the first year ever, as daily trading in Brent jumps 14% Y/Y to average 567K contracts YTD while WTI falls 17% to 575K. Brent is gaining favor among traders due to its role as the benchmark for prices from Saudi Arabia to Russia; as the U.S. struggles to clear the glut at Cushing, WTI grows less connected to the global market.
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector