The gap between North American and European oil prices climbed to widest level ever this week.
London-traded Brent rose to the highest in two years, briefly topping USD 104 before closing at USD 103.08 US a barrel on Monday, while New York-traded West Texas Intermediate (WTI) crude fell to the lowest point of 2011, losing 77 cents to finish the day at USD 84.81. According to Juerg Kiener, managing director and CIO of Swiss Asia Capital record differential between Brent and WTI unsustainable.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
