WTI vs Brent: Why Are There Two Oil Prices?
WTI is US crude delivered at Cushing, Oklahoma; Brent is seaborne North Sea crude priced for global markets. How they differ and why their spread moves.
CFD education by market group.
WTI is US crude delivered at Cushing, Oklahoma; Brent is seaborne North Sea crude priced for global markets. How they differ and why their spread moves.
Copper moves on Chinese demand, electrification and data centers, mine supply, inventories and the dollar. How each driver works, with the 2026 record.
Silver moves with gold, industrial demand from solar and electronics, supply deficits, the dollar and flows. Why it is so volatile, with the 2025–2026 swings.
Natural gas moves on weather, storage, production, LNG exports and regional shocks. How each driver works, why US and European prices differ, why it swings.
Hurricanes can shut Gulf production and refineries, home to over half of US refining, while temperatures drive gas demand. How weather moves energy prices.
Oil moves on OPEC+ supply, global demand, inventories, geopolitics, the dollar and the futures curve. How each driver works, with 2020, 2022 and 2026 cases.
Gold moves on real yields, the dollar, central bank buying, investor flows and fear. How each driver works, and why gold rose about 60% in 2025.
Spot prices are for delivery now; futures prices are for delivery later and include storage, financing and expectations. How they differ and why it matters.
OPEC+ joins OPEC and producers led by Saudi Arabia and Russia, formed in 2016 to manage output. How its decisions move oil and why cuts do not always bite.
Oil is global and easily shipped; natural gas is regional, weather-driven and harder to store. Why gas is more volatile and how the two energy markets compare.
Brent fell from about $115 in June 2014 to $27 in January 2016 as shale output surged and OPEC chose not to cut in November 2014. What happened and why.
Oil CFD P&L = price change per barrel × barrels, minus spread, financing and roll costs. Worked examples: a 100-barrel long and a 50-barrel short position.