Seeking Alpha

Even with the "glut at Cushing" diminishing for the last 5 months, the WTI/Brent Crude spread...

Even with the "glut at Cushing" diminishing for the last 5 months, the WTI/Brent Crude spread continues to blow out - reaching $26/barrel today. Traders point to the fact that physical arbitrage between the 2 products is impossible, meaning "the satus-quo between WTI (and Brent) is perhaps simply non-existent." Performance of Brent vs. WTI YTD.
From other sites
Comments (2)
  • Poo-Bear
    , contributor
    Comments (22) | Send Message
     
    WTI is a small regional exchange with oversupply of crude w/o infrastructure to ship the oil to other markets; hence, it sells at a discount.
    9 Sep 2011, 05:29 PM Reply Like
  • kmi
    , contributor
    Comments (4239) | Send Message
     
    With major producers like Saudi Arabia and Iraq having dropped it why would anyone think it`s as relevant as it used to be.
    9 Sep 2011, 10:58 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs