WTI/Brent Spread
The spread compares WTI minus Brent in USD per barrel when both reference prices are available.
WTI/Brent SpreadProvider-Based Reference Price
Energy Commodity Prices
Review WTI Crude Oil, Brent Crude Oil, Natural Gas reference prices while keeping units and market context clear.
Energy Reference Price Table
Reference prices use provider-based commodity data where available and saved fallback data when provider data is temporarily unavailable.
| Commodity | Reference price | Quote unit | Update note |
|---|---|---|---|
| WTI Crude Oil | Reference price loading area | USD per barrel | Provider update text appears here |
| Brent Crude Oil | Reference price loading area | USD per barrel | Provider update text appears here |
| Natural Gas | Reference price loading area | USD per MMBtu | Provider update text appears here |
WTI vs Brent Comparison Chart
This chart compares WTI and Brent reference price history.
WTI vs Brent Comparison Chart
Chart range
Reference price chart loading area.
Natural Gas Reference Price Chart
This separate chart keeps natural gas apart from crude oil because the unit is different.
Natural Gas Reference Price Chart
Chart range
Reference price chart loading area.
Commodity Summary Cards
Short explanations keep each benchmark and unit context clear.
WTI Crude Oil
WTI Crude Oil is shown as a provider-based reference benchmark in USD per barrel. Use it for calculation context, not as an actual transaction quote.
Learn about WTI Crude OilBrent Crude Oil
Brent Crude Oil is shown as a provider-based reference benchmark in USD per barrel. Use it for calculation context, not as an actual transaction quote.
Learn about Brent Crude OilNatural Gas
Natural Gas is shown as a provider-based reference benchmark in USD per MMBtu. Use it for calculation context, not as an actual transaction quote.
Learn about Natural GasWTI vs Brent comparison
WTI and Brent are both crude oil benchmarks, but they reflect different delivery locations, quality assumptions, logistics, and market structures.
Natural gas unit and regional price differences
Natural gas is commonly quoted by heat content. Regional hubs, pipelines, storage, weather, and contract terms can create different reference prices.
Why energy benchmark prices differ from retail prices
Benchmark prices do not include refining, distribution, station margins, utility billing rules, local taxes, transportation costs, or provider-specific fees.
Energy benchmark unit notice
Natural gas and crude oil should not be compared one-to-one because their quoted units and market drivers differ.
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Frequently Asked Questions
What is the difference between WTI and Brent crude oil?
WTI and Brent represent different crude oil benchmarks with different locations, logistics, and market characteristics.
Why is natural gas not directly comparable to crude oil?
Natural gas is quoted by heat content in MMBtu, while crude oil is quoted by barrel, so their values should not be compared one-to-one.
What does USD per barrel mean?
It means the benchmark reference is quoted in U.S. dollars for one crude oil barrel, which is approximately 159 liters.
What does USD per MMBtu mean?
It means the natural gas reference is quoted in U.S. dollars for one million British thermal units of heat content.
Are these prices the same as gasoline, diesel or utility prices?
No. Consumer energy costs include refining, distribution, taxes, utility billing rules, and local provider fees.
Disclaimer
This page is for informational and calculation purposes only and is not investment, trading, financial, tax, or legal advice. Provider-based reference prices may differ from actual transaction prices due to timing, market venue, liquidity, local taxes, fees, transportation costs, dealer spreads, premiums, and retail pricing.