What is the difference between WTI and Brent crude oil?

WTI (West Texas Intermediate) is the US benchmark crude oil traded on NYMEX, while Brent is the global benchmark from the North Sea traded on ICE. Brent typically trades at a premium to WTI due to its accessibility to global markets. Both are light, sweet crude oils with low sulfur content.

How can I compare historical oil prices?

Our comparison tools show 12-month historical price data for WTI, Brent, natural gas, and gold. Each chart includes statistical analysis, trend lines, and downloadable data via our API.

What causes oil price spread changes between WTI and Brent?

The WTI-Brent spread is affected by factors including US oil production levels, pipeline capacity, refinery utilization, global shipping costs, and regional supply disruptions. Historically, the spread has ranged from -$3 to +$10 per barrel.

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