Brent-WTI spread would normalise if Iran conflict ends
The conflict in Iran has distorted the spread between Brent and WTI crude oil prices. But if the recently agreed ceasefire holds and oil starts flowing more freely through the Strait of Hormuz, we would expect the Brent-WTI spread to fall back to $4pb which is roughly in line with pre-conflict levels.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.
