The Oil Market Is Breaking Apart: Brent-WTI Price Gap Hits $13
The global oil market is splitting along a fault line rarely seen in more than a decade. Brent crude is trading at a $13 premium to U.S. oil, and record shipping costs may be preventing the gap from closing. Brent futures for December delivery traded at $106.30 a barrel on Monday morning, $13.85 above West Texas Interm