WTI Crude Higher Than Brent Crude For First Time Since July 2013

From almost $30 differentials in 2011, today's bounce in WTI has pushed the Brent-WTI spread negative for the first time since July 2013 briefly (and August 2010 consistently). This is, as the chart below shows, more 'old normal' as pre-QE the Brent-WTI spread oscillated in a very narrow range...

WTI's bounce has pushed it above Brent today...


For the first time since July 2013 and August 2010...


Charts: Bloomberg
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