WTI/Brent Spread Continues to Push Out (BNO) (USO)
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/13/2026
- Nasdaq ends down as chipmakers fall and bank earnings roll in
- Oil prices settle mixed, focus on US-Russia diesel deal, Saudi Yemen attacks
- JPMorgan shares edge lower after third-quarter FICC revenue miss
- Fed’s Waller says US bond yield rise driven by growth, not inflation
- Wells Fargo beats profit estimates despite revenue miss
Tweet
Share
E-mail
Last Friday, the spread between WTI and Brent crude reached $20 for the first time since mid-April. The spread has been widening since the middle of June, partially due to increased geopolitical concerns in the Middle East.
Gene McGillian, analyst at Tradition Energy, said $20 per barrel appears to be the resistance point for the Brent/WTI spread, adding that in addition to tight supply in Brent due to maintenance next month at Buzzard -- the UK's largest oil field -- Brent futures were also getting a little more of a boost from geopolitical concerns.
In the past 30 days, United States Brent Oil ETF (NYSE: BNO) has gained
11.16 percent. This compares to United States Oil ETF (NYSE: USO) which is higher by only 6.65 percent.
Gene McGillian, analyst at Tradition Energy, said $20 per barrel appears to be the resistance point for the Brent/WTI spread, adding that in addition to tight supply in Brent due to maintenance next month at Buzzard -- the UK's largest oil field -- Brent futures were also getting a little more of a boost from geopolitical concerns.
In the past 30 days, United States Brent Oil ETF (NYSE: BNO) has gained
11.16 percent. This compares to United States Oil ETF (NYSE: USO) which is higher by only 6.65 percent.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Oil prices settle mixed, focus on US-Russia diesel deal, Saudi Yemen attacks
- Iran-backed Houthi militants claim new attacks on Saudi Arabia - AP
- UBS flags level in gold prices where dip buyers will likely emerge
Create E-mail Alert Related Categories
Commodities, ETFsRelated Entities
Crude OilSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
