Tuesday, 14 June 2011

Brent oil prices near $119, record spread against US contract

Brent oil prices open today’s trading session back near $119 a barrel as the spread between Brent and WTI oil contracts comes back to record levels, marking up near a $21 difference in trading prices yesterday.

Latest Brent Oil Price

In London, Brent crude oil futures for July 2011 delivery was trading at $119.37 a barrel, 06.23 GMT this morning on the ICE Futures Exchange. The Brent contract closed off yesterday’s trading session flat at $118.95 while the US contract plunged over two percent.

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