Brent Dec 21 futures have been hovering upwards through the 80s levels all through October 2021 peaking at 86.4 then dropping to 84.3, still above the Jan 22 futures at 83.5. 80+ levels are reflected across all contracts out to April 2022.
Brent front month premium to WTI is $1.10; with WTI Dec 21 futures trading at 83.2. WTI has a much sharper gradient in terms of backwardation, suggesting prices will rock down faster than for Brent.
