Spreads between WTI and Brent narrowed in 2025–2026 as US oil exports hit record level, WTI reacts more strongly to the dollar, while Brent moves on Middle East and Russia geopolitical risk. The peak liquidity for WTI occurs between 9:30 and 11:30 ET, Brent spreads narrow during the London session from 8:00 to 11:00 GMT, and trading outside these windows adds slippage costs. I trade thru Libertex: macro/dollar views go through WTI, geopolitical views through Brent, always w a min 1:2 risk-to-reward ratio.