The Oil Gap Between Brent And West Texas Is Not Entirely Down To The Recent Saudi Moves
The Crown Prince and de-facto ruler of the Saudi Arabia, Mohammed bin Salman, (MBS) launched an anti-corruption drive to safeguard the reform and modernization of the Saudi economy. Oil meanwhile looks to have broken out to the upside, which is very much a function of Brent Crude rather than West Texas Intermediate. The gap down started to open in August with Hurricane Harvey, not now with Saudi developments.