Brent-WTI Crude Spread to Tighten, Prosper's Bauer Says

Brent-WTI Crude Spread to Tighten, Prosper's Bauer Says

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Interactive Video

Business

University

Hard

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Scott Bauer from Prosper Trading Academy discusses the impact of OPEC and Saudi output cuts on Brent prices, highlighting the backwardation trend. He explores market speculations, technical levels, and the trading strategies around the Brent and West Texas spread. Additionally, he touches on the Brent and Dubai spread, noting the influence of risk premiums and political factors on pricing.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What impact do output cuts by OPEC and Saudi Arabia have on the price of Brent crude oil?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What technical levels are traders focusing on regarding Brent crude oil?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

How has the spread between Brent and West Texas Intermediate (WTI) crude oil changed over the last six months?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

How do traders react when the spread between Brent and WTI reaches certain levels?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What factors are contributing to the political risk premium in the price of Brent crude oil?

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