ResearchMarket2026-11-12
Brent–WTI Spread Narrows to $5.93 as Seven Transfer Grades Reprice at Destinations
Brent settled at $93.99 and WTI at $88.06 overnight, pulling the spread down to $5.93 from its earlier wide levels. The seven STS transfer grades — ESPO, Dubai, Oman, Urals, Basrah Light, Bonny Light and Lula — are being repriced at destination, moving buyer lock-in earlier.