Relationships between most important oil prices in the world are ruined due to conflicting forces around the globe, Bloomberg informs.

Buyers, which are watching after oil price revival to the highest level since 2014, now are trying to figure out how to take advantage from rising difference in prices of oil brands. Less expensive oil WTI from the US is heading now to Asia customers that cut supplies from the Middle East.

Difference in prices shows how uncertainty over future supply influences opposite parts of oil market. US decision to renew sanction against Iran can limit export from this OPEC member. As a result Dubai oil prices gained. In meantime, proposal from Russia and Saudi Arabia to recover output puts pressure on Brent oil in Europe. Problems with American infrastructure are threatening plans of this country in regards to WTI oil.

Difference in price between Brent and WTI exceeded $10 a barrel. This is the biggest discount in three years. However, the difference with Dubai oil gets smaller.

Even US oil prices are moving in opposite directions: oil at American Gulf Coast gets more expensive compared to WTI oil in Cushing.

Therefore, oil prices are influenced by local factors as well by global circumstances today and relationships between brands are changing.