HomeNews listOBJECTIVE PRESSBrent-WTI Spread Widens To Over $8 As U.S. Gasoline Demand Slows

Brent-WTI Spread Widens To Over $8 As U.S. Gasoline Demand Slows

  • July 25, 2022
  • Posted by: AliensFaith
  • Category: OBJECTIVE PRESS
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The spread between Brent crude oil prices and West Texas Intermediate (WTI) hit its widest level in over three years on Monday, with WTI down more than $8 compared to Brent as U.S. gasoline demand falls. Brent crude was trading at $104.8 on Monday 11:41 EST, while WTI was trading at $96.12, representing a spread of over $8 per barrel.  Brent prices continue to be boosted by tight physical supplies, buoyed by Russia’s war on Ukraine and Western sanctions, as well as a looming European Union ban on Russian oil set to be implemented before…      



Author: AliensFaith
HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

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