Brent-WTI spread

Brent and WTI refer to indexes that measure the price of oil

Spot flatbed lanes in the oil field are more volatile and priced at a premium to national averages. They’re closely correlated to fracking activity in the Permian Basin, which is why we keep a close eye on oil prices and production.

Increased electric vehicle adoption could lead to higher fuel taxes; drone deliveries could be a nuisance to neighborhoods; EU believes that the U.K. might vote in favor of the Brexit agreement this January.

Crude oil crashes; FedEx slashes profit forecasts; Musk unveils Boring Company’s first tunnel; container and petroleum exporters fight at Port of Houston; Fed expected to make a ‘dovish hike’ today.

The pipelines taking oil away from the Permian are at capacity, causing a buildup of WTI inventory at the Cushing, OK storage sites and depressing the price of WTI against Brent. Prices would be even lower if Venezuela and Iran weren’t causing further worries about global supply.

Brent and WTI prices have reached 4 year highs, and the Brent-WTI spread continues to favor American oil exports on the international market. We explain how longer lateral lengths in Permian Basin horizontal wells are driving truckload demand.

Oil, which helped drive a rally for stocks Wednesday, began pulling back ahead of U.S. supply data.

The Brent-WTI spread has widened considerably to $8.25, a bullish signal for demand for American oil exports and truckload miles.

The collapse of Venezuelan oil production and fears of renewed sanctions on Iran are driving oil prices to 2014 levels, but what does that mean for the American economy and the trucking sector?