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Why the WTI-Brent spread is narrowing: A glut at Cushing pushed down WTI prices relative to...

Why the WTI-Brent spread is narrowing: A glut at Cushing pushed down WTI prices relative to Brent in recent years, but the spread has been narrowing as the key Seaway pipeline is being reversed and likely will narrow further as capacity is expanded. If oil prices stay at current levels or fall a bit more, Bill McBride thinks gasoline prices should drop further too.
Comments (2)
  • President Obama is working each day to lower the gasoline/diesel prices. His team has already had a positive effect on families.
    15 May 2012, 06:17 PM Reply Like
  • This was interesting, thanks.
    16 May 2012, 10:03 AM Reply Like
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