The Eurozone crisis had its part to play in the fall in energy prices in May 2012 (over 4% drop) which are, to some extent, reflective of the global macro-economy.
Nevertheless, the spread of TI-Brent, around 12.55 has not changed as visibly, although it was wide at 20.8 on April 4, 2012, but this extremity was short-lived, and the spread narrowed fairly rapidly after that. The previous major widening was Oct 2011, when the spread was 26.
Nevertheless, the spread of TI-Brent, around 12.55 has not changed as visibly, although it was wide at 20.8 on April 4, 2012, but this extremity was short-lived, and the spread narrowed fairly rapidly after that. The previous major widening was Oct 2011, when the spread was 26.
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