Whisky, the gap is quite pronounced at 10-15%. Interestingly,...

Whisky, the gap is quite pronounced at 10-15%. Interestingly, the gap was slightly the other way during the mayhem of dec-Jan. Medium long term historically, it's slightly in favour of Brent so that is the normal ( so I'm allowing for the quality difference). What gives now though with the large gap? What confuses me is that since wti is the target of the Saudi strategy, production is declining more there. Lower production, scarcer resource, equals higher price. (But precisely the opposite shows in the market.) Sorry Whisky, this is probably not your area of expertise, but is anyone out there prepared to weigh in?