Economics at your fingertips  

WTI and Brent futures pricing structure

Daniel Scheitrum (), Colin Carter () and Cesar Revoredo-Giha ()

Energy Economics, 2018, vol. 72, issue C, 462-469

Abstract: WTI and Brent crude oil futures are competing pricing benchmarks and they jockey for the number one position as the leading futures market. The price spread between WTI and Brent is also an important benchmark itself as the spread affects international trade in oil, refiner margins, and the price of refined products globally. In addition, the shapes of the WTI and Brent futures curves reflect supply and demand fundamentals in the U.S. versus the world market, respectively.

Keywords: Crude oil futures; Commodity storage; WTI; Brent; Competitive storage model (search for similar items in EconPapers)
JEL-codes: C63 F17 Q02 Q40 Q41 Q48 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link)
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

Energy Economics is currently edited by R. S. J. Tol, Beng Ang, Lance Bachmeier, Perry Sadorsky, Ugur Soytas and J. P. Weyant

More articles in Energy Economics from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

Page updated 2019-10-08
Handle: RePEc:eee:eneeco:v:72:y:2018:i:c:p:462-469