The causes of stage expansion of WTI/Brent spread

Abstract Historically, the price of WTI crude oil futures has long been higher than that of Brent by $2/barrel, but the spread between 2011 and 2015 was reversed and expanded to $24/barrel. In order to analyze the difference between two crude oil price variables with the same trend and phase separat...

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Bibliographic Details
Main Authors: Hong-Zhi Tian, Wei-Di Lai
Format: Article
Language:English
Published: SpringerOpen 2019-10-01
Series:Petroleum Science
Subjects:
WTI
Online Access:http://link.springer.com/article/10.1007/s12182-019-00379-z