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Time To Buy Refiners?

WTI Trades Near 4-Month Low as Fuel Supplies Expand

http://www.bloomberg.com/news/2014-08-01/wti-falls-after-biggest-monthly-drop-in-two-years-brent-slides.html

Brent - WTI spread:

Brent-WTIClick to enlarge(click to enlarge)

The differential benefits North American refiners as enhance competitiveness due to cheaper crude supply.