Crude oil prices are one of the most important factors in understanding the global economy. The two most important benchmarks for pricing are WTI and Brent Crude Oil, but what do these terms mean? How do their prices differ from each other? And how can you use this knowledge to gain insight into current oil market conditions? In this article, we will examine WTI vs. Brent in detail – looking at production levels, geopolitical events and transportation costs that affect them. With a better…
