January 13, 2012

Brent-WTI Crude Oil Prices 2000 to 2011

Brent-WTI crude oil prices 2000 to 2011, via EIA.

Brent-WTI oil prices 2000-2011

In 2011, the main drivers for oil prices
  • Arab Spring
  • Oil demand from China and Middle East
  • Oil pipeline bottlenecks in Cushing, Oklahoma, the Grand Central of Oil

Other factors affecting the oil prices
  • Eurozone debt crisis
  • Release of oil from strategic reserves
  • More oil production from Saudi Arabia

Brent-WTI spread in 2011

Tags: brent-wti oil prices, brent-wti spread, factors affecting oil prices, cushing oklahoma, 2011 oil prices, 2000 to 2011 oil prices