ResearchGlobal Markets2026-09-21
Brent-WTI Spread Widens to $3.64, Geopolitical Premium Embedded in Cracking Structure
Brent fell 1.06% to $98.23/bbl and WTI dropped 1.55% to $94.59/bbl, widening the spread to $3.64—the widest in three weeks. USD/CNY edged down to 6.6984, yet fuel oil (+0.89%) and asphalt (+1.53%) rose, confirming persistent Middle East risk premium and upward repricing of cracking margins.