Week of October 2, 2026
Brent spot pulls away from WTI
Brent spot is EIA's price for Brent crude loaded in Europe; WTI prices crude at Cushing, in the middle of North America. When the gap between them widens this far, the squeeze is in barrels that can reach a ship now, which is the market Canada's Pacific exports sell into. 1, 2
Source: U.S. Energy Information Administration, via FRED (DCOILBRENTEU), retrieved 2026-10-18; U.S. Energy Information Administration, via FRED (DCOILWTICO), retrieved 2026-10-18.
| Week of | Brent spot (EIA, Europe) | WTI at Cushing | Premium |
|---|---|---|---|
| Jan 2 | 61.98 | 57.21 | 4.77 |
| Jan 9 | 65.11 | 58.96 | 6.15 |
| Jan 16 | 66.97 | 59.40 | 7.57 |
| Jan 23 | 68.16 | 60.70 | 7.46 |
| Jan 30 | 72.25 | 64.50 | 7.75 |
| Feb 6 | 70.45 | 63.77 | 6.68 |
| Feb 13 | 69.96 | 63.05 | 6.91 |
| Feb 20 | 72.75 | 66.69 | 6.06 |
| Feb 27 | 71.32 | 66.96 | 4.36 |
| Mar 6 | 95.74 | 90.77 | 4.97 |
| Mar 13 | 103.23 | 98.48 | 4.75 |
| Mar 20 | 118.42 | 98.71 | 19.71 |
| Mar 27 | 121.47 | 101.26 | 20.21 |
| Apr 3 | 127.61 | 113.23 | 14.38 |
| Apr 10 | 119.07 | 98.34 | 20.73 |
| Apr 17 | 98.63 | 85.91 | 12.72 |
| Apr 24 | 111.86 | 98.42 | 13.44 |
| May 1 | 118.26 | 105.38 | 12.88 |
| May 8 | 103.48 | 98.87 | 4.61 |
| May 15 | 113.96 | 108.99 | 4.97 |
| May 22 | 106.90 | 100.35 | 6.55 |
| May 29 | 92.88 | 91.16 | 1.72 |
| Jun 5 | 97.29 | 94.32 | 2.97 |
| Jun 12 | 88.64 | 88.62 | 0.02 |
| Jun 19 | 80.46 | 80.35 | 0.11 |
| Jun 26 | 70.16 | 70.30 | −0.14 |
| Jul 3 | 68.68 | 69.73 | −1.05 |
| Jul 10 | 74.34 | 72.45 | 1.89 |
| Jul 17 | 85.01 | 83.43 | 1.58 |
| Jul 24 | 100.31 | 91.74 | 8.57 |
| Jul 31 | 96.95 | 86.16 | 10.79 |
| Aug 7 | 87.62 | 79.77 | 7.85 |
| Aug 14 | 92.02 | 83.99 | 8.03 |
| Aug 21 | 96.92 | 87.21 | 9.71 |
| Aug 28 | 89.75 | 84.57 | 5.18 |
| Sep 4 | 102.24 | 92.69 | 9.55 |
| Sep 11 | 118.06 | 101.27 | 16.79 |
| Sep 18 | 119.66 | 101.44 | 18.22 |
| Sep 25 | 116.01 | 85.23 | 30.78 |
| Oct 2 | 135.51 | 97.89 | 37.62 |