The dislocation in the WTI market reached unprecedented levels,after stocks at the WTI delivery point at Cashing hit new highs.Nymex March WTI's discount to expiring Ice March Brent widened by 5/bl to 10.67/bl on 12 February.Front-month WTI fell to its lowest value since 20 January,after US crude inventories climbed for a seventh week.March WTI traded as low as 33.55/bl on 12 February,after hitting 542.68/bl on 6 February.Ice front-month Brent traded in a much narrower range of 43.92-48.42/bl.
展开▼
