Crude Oil Prices

WTI Crude (US Standard)$111.54
Brent Crude (Global Standard)$109.03
Brent Spot (Immediate Physical)$141.36

WTI Trading at a Premium: In a rare market reversal, WTI is currently trading higher than Brent. Analysts attribute this to the fact that US oil is seen as safer and more accessible than global supplies.

Inventory Drawdown: J.P. Morgan and the EIA have warned that global inventory buffers are being depleted faster than anticipated, with many nations reaching operational minimums.