Front-month WTI spread hits weakest in 1-yr as traders eye Cushing builds
October 19, 2018 at 11:44 AM EDT
Front-month U.S. West Texas Intermediate crude futures (WTI) traded at the biggest discount to the second month in nearly a year on Friday, slipping from a prolonged period of trading at a premium as traders anticipate inventory builds in Cushing, Oklahoma, the delivery point for WTI, as new pipelines come online:
