NEW YORK ( TheStreet) -- I was talking today to Joe Deaux about the drop of crude under $100 a barrel, but even more important, the huge move in the spread between West Texas Intermediate crude (WTI) and Brent crude.This relationship isn't as obscure as it sounds and helps to set the price that many exploration and production companies can get for their product and what many refiners pay for it. Therefore, we need to pay attention to the spread so that we can judge the relative value of these stocks.
[video] Dicker: Brent, WTI Oil Grow Further Apart
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.