Changes in pipeline flows and the use of rail routes to carry crude produced inland to the U.S....
Changes 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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