The price gap between the WTI and Brent crude oil benchmarks closes at its narrowest in more...

|By:, SA News Editor

The price gap between the WTI and Brent crude oil benchmarks closes at its narrowest in more than three months. The spread has shrunk by 6.4% YTD, much of it on news from Enterprise Products Partners (EPD) and Enbridge (ENB) that 400K bbl/day of oil will begin to flow through their Seaway Pipeline by the end of this week, and some traders expect the expansion will continue to narrow the gap.