# Opec Producers Cash In On WTI Weakness Amid Tight Asia Market | MEES

> Opec crude grades strengthened against Brent and especially WTI as cuts concentrated on the Mideast core tightened Asian markets. WTI was weak at Cushing, Oklahoma, while Brent traded around $61 a barrel when the report went to press. Benchmark grades had firmed in recent weeks.

- Date: 2017-11-03 · published 2017-11-03T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/68172-opec-producers-cash-in-on-wti-weakness-amid-tight-asia-market-mees
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A widening gap between the OPEC basket and WTI shows Asian supply is tighter than U.S. supply, which supports Brent-linked prices. The effect on feed commodities is indirect.

## Read by commodity

- WTI: bearish ▼
- BRENT: bullish ▲

## Sources

- archives.mees.com: https://archives.mees.com/issues/1721/articles/55305

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