Latest / The Commodities Economy with Fexingo: Oil, Gold, Wheat, and Raw Material Markets
Why Brent Crude Is Surging Past WTI in July 2026
Lucas and Luna break down the growing divergence between Brent and WTI crude oil in early July 2026. With Brent futures surging past $78 a barrel and WTI holding near $74, the spread has widened to over $4.50 — the largest gap in two years. The hosts examine the key drivers: escalating Iran Strait tensions, differing inventory dynamics in the US vs global markets, and the impact of the OPEC+ production cuts. They also discuss what this spread means for energy stocks, refiners, and the broader inflation picture. A focused look at one critical commodity relationship that explains a lot about…
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