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WTI crude is having a subdued day, but Brent, which many consider the true benchmark product is...

WTI crude is having a subdued day, but Brent, which many consider the true benchmark product is up solidly, hitting another post-GFC high. What happened to all that OPEC spare capacity? Brent ETF: BNO +1.0%. WTI ETF: USO +0.02%.
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  • Essence
    , contributor
    Comments (83) | Send Message
     
    You only need to increase supply if customers are demanding more than already is in the market. You can't increase supply if you are having trouble selling what you already have.

     

    Price, on the other hand, goes up because the buyers have no intention of ever taking delivery.
    4 Apr 2011, 04:12 PM Reply Like
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