Publications: Notes at the Margin

The Brent/WTI Spread and Other Matters (July 22, 2013)


The week’s Notes at the Margin focuses on the Brent/WTI spread. As every reader likely knows, the cash spread has closed completely while Brent for delivery in future months still trades at a significant premium to WTI. The distinction has implications for market behavior. The report also examines two other matters: the rapid rise in East Coast gasoline refining margins and RIN prices.


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