WTI or Brent?
If you need to know how the price of oil is going to affect you at the pump, Brent Crude is the chart you need to watch closely.
Why?
Brent Crude is the international benchmark.
Brent sets the price of gasoline/petrol in every market that the US exports gasoline to (and also exporting it from). And it's because of this, global gasoline/petrol prices are tied to Brent Crude.
So the next time you're wondering if the price of gas is about to spike at your local gasoline station, check the price of Brent Crude!
