Some traders hit hard from volatile spreads… Reuters

July 16, 2018 by Jim Colburn Leave a Comment

Here is a Brent/WTI crude spread chart from Reuters:

From Reuters:

“However, it is the big, sudden moves that tend to claim trade casualties, sometimes earning the moniker “widowmaker”.

Since the June spike, the spread has narrowed sharply again. The shrinking discount was helped by a rise in the price of WTI due to an unexpected outage at the Syncrude oil sands site in Canada, which can produce up to 360,000 bpd.”

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