| Videos | Channels | Search |
How WTI caught up with Brent
One of the top performers this summer has been West Texas Intermediate (WTI); over the past month it has risen 8%, compared with Brent, up 5%.
WTI managed to surpass Brent as pipeline and rail shipments helped clear a US supply bottleneck, and last week the price reached parity with Brent crude for the first time since August 2010.
Saxo Bank's Ole Hansen warns that near term there are risks of a negative price action and here he explains which levels to watch out for.
Read more about Ole Hansen's predictions here:
http://www.tradingfloor.com/posts/cftc-record-speculative-long-wti-crude-raising-concerns-1327848762
01:22 minutes
Tags: brent, brent crude, commodities, commodity, investment, middle east, oil, oil refinery, ole hansen, refinery, saxo bank, saxo tv, shale gas, trade idea, trading, tradingfloor.com, us, video, west texas intermediate, wti