Oil Intraday Chart

Today's pop in oil shown in blue.  Now printing 101.86 up two and one-half bucks, also 2.5%. Green shows BNO, Brent Oil, now printing around 111, do you see the divergence with the lines above? Brent Oil dropping as WTIC is experiencing buoyancy.

Traders are now watching the spread, thus, 111-102 = 9, so the difference, or spread, is 9 now and this would be expected to decrease; opposite of the spread increasing since the Libyan War started.  This is the smallest spread in seven months.  The spread printed a low so far of $8.32 and the record $27.88 spread occurred on 10/14/11.  News today announced that a crude pipeline will deliver increased amounts of oil from Canada and North Dakota to the Gulf coast.  This caused the spread to come in dramatically today.  This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.