The spread between Brent crude oil prices and West Texas Intermediate (WTI) hit its widest level in over three years on Monday, with WTI down more than $8 compared to Brent as U.S. gasoline demand falls. Brent crude was trading at $104.8 on Monday 11:41 EST, while WTI was trading at $96.12, representing a spread of over $8 per barrel. Brent prices continue to be boosted by tight physical supplies, buoyed by Russia‚Äôs war on Ukraine and Western sanctions, as well as a looming European Union ban on Russian oil set to be implemented before the end of this year. In the United States, WTI is being pressured downward by lowering demand for gasoline, even as prices at the pump are easing slowly. Gasoline prices in the U.S. have dropped steadily over the past week. On Monday, the national average per gallon was $4.355, according to AAA , down […]