What's the difference between Brent and WTI oil prices?
Typically, price of Brent crude oil is around $1 lower than WTI. However, in 2007, due to the depletion of the North Sea Oil field, Brent Crude futures had traded at a premium to WTI of approximately $1 to $3 per barrel. Some of you may already be familiar with the special relationship between oil prices and the Canadian dollar.
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