MPC

Brent Trades 13.71 Dollars Over WTI for December.

By September 2027 the Gap Is 6.84

Brent for December delivery costs 13.71 dollars more than WTI for the same month on October 9, and the curve prices about half that gap by September 2027. On September 29 the December against December gap was 8.91. It reached 11.47 on October 1, with Brent December up 6.15 and WTI December up 3.59 over two sessions that spanned the expiry of the Brent November contract. The data do not show whether the expiry affected December prices. After that the gap rose to 12.82 on October 2, eased to 12.12 on October 5 and closed at 13.71 on October 9, with Brent December up 2.41 and WTI December up 0.17 from October 1. The January gap rose from 7.80 to 11.25 and March from 7.15 to 8.85. Benzinga and an analyst quoted by…