Even with the "glut at Cushing" diminishing for the last 5 months, the WTI/Brent Crude spread...
Even with the "glut at Cushing" diminishing for the last 5 months, the WTI/Brent Crude spread continues to blow out - reaching $26/barrel today. Traders point to the fact that physical arbitrage between the 2 products is impossible, meaning "the satus-quo between WTI (and Brent) is perhaps simply non-existent." Performance of Brent vs. WTI YTD.
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