Crude grades diverge on the final day of roll trading
According to Reuters, crude grade differentials moved in different directions on the last roll-trade day, while Brent settled at $116.72.
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what happened
According to Reuters, grades moved in different directions on the third and final day of the volatile roll-trading period. Traders use this window to close positions, adjust delivery slates and reduce exposure.
The price to roll positions from November into December traded at $3.50 a barrel. US energy firms this week added one oil rig, bringing the count to 460, the highest since early October, Baker Hughes said.
why it matters
The December Brent future rose $3.55 on Friday to settle at $116.72 a barrel, while WTI gained to $103.27. The Brent/WTI spread narrowed to minus $13.42, reflecting shifts in regional differentials and demand for different grades.
market impact
Crude: the Brent-WTI price gap affects refiner margins and spread trading
tags
instruments
sources
- Grades mixed on final day of roll trade — Reuters, 23 October 2026 at 22:46 UTC
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