WTI vs Brent crude — two benchmarks explained
West Texas Intermediate (WTI) is the US crude oil benchmark, priced at Cushing, Oklahoma. Brent crude is the international benchmark, priced in the North Sea. Both are light sweet crude grades, but their prices differ based on transportation costs, regional supply/demand, and refinery configuration.
Historically Brent trades at a slight premium to WTI, though the spread varies significantly based on US export capacity and global demand. The app shows both benchmarks live with their current spread.