Economist Hamad Hussain from Capital Economics has stated that the recent ceasefire agreement between the United States and Iran could lead to a normalization of the price spread between Brent and WTI crude oil contracts. According to Jin10, Brent crude typically trades at a premium over WTI crude, but this pattern has been disrupted since the recent conflict began. Hussain noted that the current inverted spread measures the price difference between Brent futures for June delivery and WTI futures for May delivery, with differing contract expiration dates. However, he mentioned that due to significant tightening in the oil market caused by Middle Eastern supply disruptions, and expectations of supply easing in the coming months, the premium of WTI over Brent has widened.#Economist #BrentWTIPriceSpread #USIranCeasefire #CrudeOil #HamadHussain #CapitalEconomics #OilMarket #BrentCrude #WTICrude #MiddleEasternSupply #OilPremium #SupplyDisruptions #OilMarketNormalization