Brent-WTI spread rises to highest since June 2015

Brent vs. WTI Oil futures price spread rose to above $7/barrel, its highest level since May 2015, on supply concerns triggered by Forties shutdown. Reuters report says, "the pipeline, which can carry 450,000 barrels per day of Forties crude from the North Sea to the Kinneil processing terminal in Scotland, has been operating at reduced capacity for about four days before the shutdown."

Earlier today, brent prices rose to highest level since June 2015.