[dennisw]

Which is best oil price to pay attention too? WTI? Thanks

[TLI]

Nymex Crude Future. WTI would be second. Dated Brent Spot is kinda useless now, for we here in the u.S. It’s just to far away from our situation.

[SAJ]

You should follow 3 figures: WTI, the OPEC basket price, and either Brent or Urals. A simple average of the 3 prices will give you a good perspective on what crude is **really** doing.

Always remember that the OPEC basket is comprised **mostly** of sour crudes, and thus will be lower than WTI in virtually all mkt situations.