Brent-WTI Crude Spread: Monetary Policy & Geo-Politics Rule The Day In Q3. 28Sep

Brent-WTI Spread in USDollar.

As we note frequently, the oil markets today are
driven much more substantially by central bank policy
and geo-politics rather than supply/demand fundamentals.


In spite of record inventories in the US & no increase in global demand during Q3, 
the ECB's OMT/ FOMC's QE Perpetuity and Mideast unrest supported prices.