Brent crude futures were trading near $100.22 a barrel on Monday, while U.S. West Texas Intermediate (WTI) crude was priced at roughly $88 per barrel, placing it about $12 below its European counterpart.
The $12 premium of Brent over WTI represents a notably wide transatlantic spread, continuing a pattern that has concerned traders and analysts tracking global refining margins and regional supply dynamics.
Year-to-date performance diverged sharply between benchmarks, with Yahoo Finance data showing Brent down 4.65% since the start of the year, while OilPrice reported that WTI had fallen $2.20 on the session alone.
