Brent Oil Prices More Representative Than WTI, EIA’s Chief Says
By
Katarzyna Klimasinska
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Price changes for Brent crude are more representative of recent trends in the oil market than West Texas Intermediate, Energy Information Administration administrator Richard Newell said.
Newell made his comments today in remarks prepared for a hearing of a House Energy and Commerce Committee panel.
To contact the reporter on this story: Katarzyna Klimasinska in Washington at kklimasinska@bloomberg.net
To contact the editor responsible for this story: Steve Geimann at sgeimann@bloomberg.net
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