Marketplace®

Daily business news and economic stories

Crude oil is kind of like craft beer

The American price of crude oil has finally caught up to the rest of the world.

There are two main prices of crude oil in the world — Brent and WTI, short for West Texas Intermediate. WTI is the American price and for years it has been sold at a lower price than Brent, but now it has totally caught up.

Marketplace Sustainability Correspondent Scott Tong explains what this tells us about world oil markets.

Produced by Mukta Mohan 

Related Topics

Latest Episodes

View All Shows
  • Marketplace Morning Report
    an hour ago
    6:47
  • Marketplace Tech
    3 hours ago
    7:09
  • Marketplace
    15 hours ago
    26:16
  • Make Me Smart
    20 hours ago
    15:45
  • Million Bazillion
    2 days ago
    28:24
  • How We Survive
    6 days ago
    25:04
  • This Is Uncomfortable
    6 days ago
    26:12
  • Financially Inclined
    3 months ago
    12:30
  • The Uncertain Hour
    4 months ago
    22:50
  • Corner Office from Marketplace
    5 years ago
    20:58