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Brent Jumps 7% to $114 as Spread With WTI Widens to 11-Year High
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Neutral
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94%
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Short Term
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The Brent-WTI spread widened sharply in early trading Thursday, pushing toward an 11-year high as Middle East supply disruptions drove a deepening split between global and U.S. crude markets. Brent crude surged nearly 7% to above $114 per barrel while U.S. West Texas Intermediate edged up just 0.2% to around $96. The divergence has pushed the spread to roughly $18 per barrel, a level not seen since the mid-2010s oil market dislocations. Seaborne crude markets are experiencing intensifying stress amid escalating attacks on Gulf energy infrastructure…
Original article published by
OilPrice.com
on March 19, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.