Market Currents
Changes in pipeline flows and the use of rail routes to carry crude produced inland to the U.S....
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Thursday, September 20, 2012, 10:27 AM ETChanges in pipeline flows and the use of rail routes to carry crude produced inland to the U.S. coast are leading to big bets on a narrowing spread between Brent and WTI crude. “Volume in WTI-Brent has been massive over the last few weeks," says a dealer in swaps tracking both oil benchmarks." Many people anticipate the pipeline logjam is about to clear up."
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