Jun 13, 10:31 PM

WTI and Brent Crude Oil Prices Rise Over 12% with 12-Month Spreads Widening Amid Highest Bullish Bias Since 2022

In the week ending June 13, 2025, crude oil prices experienced notable increases, with West Texas Intermediate (WTI) futures rising by $8.40, or 13%, from $64.58 to $72.98, and Brent futures increasing by $7.76, or 12%, from $66.47 to $74.23. Both WTI and Brent showed significant widening in their 12-month spreads, with WTI's spread expanding by $5.06 (158%) and Brent's by $4.24 (259%), indicating sustained upward price pressure. The 6-month spreads also widened substantially for both benchmarks. These movements represent the largest commodity shifts over the past week, with oil exhibiting volatility that reached two standard deviations. Additionally, gold and gasoline experienced notable price moves within the same period. In the bond market, the largest moves included the UK 2-year yield and Australian 10s30s spreads, both showing two standard deviation shifts. Market sentiment towards oil remains bullish, reaching its highest level since 2022.

#West Texas Intermediate #WTI #Brent #UK #Australian

Written with ChatGPT (GPT-4).