WTI Spread Rose Last Week, Impacted Permian Producers
The WTI Cushing-WTI Midland spread is a key indicator to watch for Permian producers. Last week, the spread bounced back after falling to $12.0 per barrel in the week ending August 10. The spread rose to $17.3 per barrel last week and ended the week at $15.6 per barrel. The spread is significantly higher than the average of $6.5 per barrel in 2018.