As Brent and WTI Converge, Keep an Eye on These ETFs
July 22, 2013 at 16:29 PM EDT
Last Friday, Brent oil futures, the global benchmark contract, fell below NYMEX-traded West Texas Intermediate for the first time since August 17, 2010. That was on an intraday basis and Brent ultimately closed at a slight premium to WTI, one that grew Monday as WTI fell more than one percent. WTI is