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Brent-WTI Spread Could Impact US Crude Oil Exports

Brent-WTI Spread Could Impact US Crude Oil Exports

On May 21, Brent crude oil July futures settled $6.87 higher than WTI (West Texas Intermediate) crude oil July futures. On May 14, the Brent-WTI spread was at $7.24. In the last two trading sessions alone, the Brent-WTI spread contracted by $0.86.