While both WTI and Brent are light and sweet crude, differences in geography and chemical composition influence the Brent-WTI spread.Source: Sherwood News.
Every sector traded higher with tech leading gains on increased optimism that tankers will be able to pass through the Strait of Hormuz.Source: Sherwood News.
Despite the largest-ever release of oil from the International Energy Agency’s strategic reserves, crude oil continued to climb. Source: Sherwood News.