Anyone know what is going on with Brent versus wti this month?

WTI has been lower due to the lack of capacity for exports and stronger dollar (making US-denominated commodities more expensive), while Brent was up because of reduced supplies from OPEC members (Saudi, Venezuela having economic troubles, Iran facing US sanctions, Libya's oil ports keep getting blown up, etc.). Brent-WTI spread even went up to over $11/bbl at one point recently.

Yes I get that. Actually traded almost 12 which I thought was too far.

Now it’s like 5.5 in a hurry.

I was joking with a friend that we had a hurricane this month because it’s traded like that.

But it’s an algo market now. We’ve had a few moves on a little news this year...(fake 40 bps quick rally in 10 year yields that completely reversed) and of course the big snp crash in February. Fundamentally I couldn’t justify any of these.