Hey BrentFutures, I noted your name and have had a question of late that relates directly to it. Specifically, do you know why the WTI/Brent spread has blown out to over three bucks recently? In the past they have been close to parity, and as recently as a year or two ago WTI traded at a premium to Brent. Brent trading over WTI is not all that new, but trading 3 bucks over WTI definitely is (although not unprecedented). I guess the K contract is closer (was a 1.00 yesterday), but J was 3 dollars plus as of this AM. I have asked a lot of people I know who trade crude and few seem to have any plausible explanation. Any light you could shed on this would be most appreciated. Thanks very much.
Cheers...