Latest / The Commodities Economy with Fexingo: Oil, Gold, Wheat, and Raw Material Markets
Why the Brent-WTI Spread Is Widening in a Geopolitical Summer
Lucas and Luna break down the widening spread between Brent crude and WTI crude oil in July 2026. With Brent at 76 dollars per barrel and WTI at 71, the gap has grown to nearly 5 dollars, the widest in over a year. They explore the geopolitical factors — including renewed US sanctions on Iran and the Trump administration's threats — as well as the structural dynamics of global oil flows. Lucas explains how the shift in OPEC+ quotas and the differential in quality and transport costs are amplifying the divergence. The conversation also touches on the impact on energy stocks like…
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