The difference in the price of ICE Brent and Nymex WTI, the world's two benchmark oil contracts, moved below $10 a barrel Thursday for the first time since January 2012.
The difference in the price of ICE Brent and Nymex WTI, the world's two
benchmark oil contracts, moved below $10 a barrel Thursday for the first time
since January 2012.
The difference--known as the Brent-WTI spread--briefly dropped to $9.99 a barrel,
having hit a year-high of $23.44 as recently as February.
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