The prompt US WTI futures time spread has reached its widest level since September, having begun its surge Feb. 13.
- WTI MAR 24-APR 24 up 1.21$/bbl at 1.94$/bbl
- Tight market conditions amid tanker diversions from the Red Sea, coupled with the geopolitical risk tensions are adding support to the prompt.
- The WTI March contract expires Tuesday.