WSJ:Brent Premium To WTI Exceeds $24 A Barrel, Sets New Record
LONDON (Dow Jones)--The gap between the two global benchmark futures contracts, Brent crude and U.S. West Texas Intermediate, Wednesday widened to a new record high of $24.01 a barrel, as U.S. crude prices are under more pressure amid worries over the state of the U.S. economy and weaker demand for oil.
The wider price difference, or spread, between Brent and WTI has already hit returns for WTI-weighted commodity indexes.
At 0920 GMT the WTI/Brent spread stood at $23.92 a barrel.
-By Konstantin Rozhnov, Dow Jones Newswires; +44 207 842 9004; konstantin.rozhnov@dowjones.com
