Starting today, we have changed the type of oil that we show on the Report on Business and Globe Investor home pages to West Texas Intermediate crude oil from Brent.
When spreads were huge between WTI and Brent, we switched to showing Brent, thinking it was a truer benchmark for the global price of oil. Well, we were flooded with complaints pointing out that WTI is more relevant for Canadians as Alberta heavy crude is priced off of WTI. So we've switched it back.
We know that both are important for Canadian investors, so we offer a full energy dashboard on the Inside the Market blog for Globe Unlimited subscribers. There, you can find the front-month contract values from the Nymex for WTI and Brent as well as heating oil and gasoline. Just click on the Energy tab to open the dashboard.
Please let us know if these changes make the page more relevant for you in the comments section. We'd love to hear from you and use all of the feedback you send to make the page better.
Pierre Javad
Product Manager, Digital