# Why Has the WTI Oil Price Surpassed Brent? | Rigzone

> Analysts told Rigzone that WTI traded at a rare premium over Brent after Trump signaled the Iran conflict could last weeks and warned of intensified military action. WTI rose more than 12% to above $112 a barrel, its highest since June 2022, and record WTI backwardation was partly linked to unwinding Brent-WTI trades before a holiday.

- Date: 2026-04-03 · published 2026-04-03T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/12729-why-has-the-wti-oil-price-surpassed-brent-rigzone
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Record backwardation and a reversed Brent-WTI spread point to tight prompt supply and volatile US crude pricing, which feeds into diesel and freight costs for feed buyers.

## Read by commodity

- WTI: bullish ▲
- BRENT: neutral

## Sources

- rigzone.com: https://www.rigzone.com/news/why_has_the_wti_oil_price_surpassed_brent-03-apr-2026-183367-article/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.