A Tale of Two Oils
Source: Fuel Fix, Loren Steffy (9/8/11)
"In the past, the Brent and crude prices were almost the same. The current price disparity affects both consumers and oil producers."
At the moment, Brent—which is basically the global price for oil—is about $113 a barrel. WTI is about $87.
In the past, the two prices were almost the same.
The price disparity affects consumers, but it's also affecting oil producers in certain parts of Texas who are getting a lower price for their oil than producers in other parts of the country and the world. . .View full article