This guide explains exactly what the oil spot price represents and what factors determine the constantly moving live price. We also explain what oil blends are (like Brent and WTI), and ways you can ...
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 ...