Why Is the WTI Oil Price Rising More than Brent Intraday?
Rigzone asked analysts why West Texas Intermediate was rising faster than Brent. At the time of writing, WTI was at $109.08, up 5.23% from Monday's close, and Brent at $111.29, up 1.59%. WTI's 2026 closing high was $112.95 on April 7.
Monaxa's Artem Bakushev pointed to the expiring November WTI contract and thin volume, plus a geopolitical premium from Houthi claims and shipping worries around Saudi facilities and the Strait of Hormuz. B. Riley's Art Hogan cited strong U.S. inventory draws and freight dynamics, noting the spread had shrunk from more than $12 two weeks ago to under $5.
PRICE Futures Group's Phil Flynn said last week's hurricane tightened the market, and that attacks on oil infrastructure in the Russia-Ukraine war add upside risk.
Key points
- WTI ~$109 (+5.2%), Brent ~$111 (+1.6%)
- WTI-Brent spread under $5, from $12+
Summary written by Readthrough from the original article. The full story, with photos and any updates, is at Rigzone.
