Brent/WTI & Libya

Discussion in 'Commodity Futures' started by atrocious, Feb 21, 2011.

  1. Anyone know why April Brent/WTI imploded on Libya today when just two weeks ago it was widening on Egyptian tensions?

    Also a wild move in the WTI J/K calendar.
  2. Joman


    This is the second largest oil producer in Africa after Nigeria.
  3. bone

    bone ET Sponsor

    April Nymex WTI vs. April ICE Brent:


    Nymex WTI April-May Calendar Spread:

  4. but those are exported mainly to Europe... why did impact WTI more than Brent?
  5. bone

    bone ET Sponsor

    Almost certainly a reflection of the recent spec short interest built up in WTI.
  6. WTI-Brent spread back at -13.30.

    Moved a dollar down in the closing hour........