Huge Brent-WTI Spread Boosts Marathon Petroleum’s Bottom Line

摘要

The current huge price discount for West Texas Intermediate (WTI) crude versus Europe’s Brent crude benchmark is benefiting the US’ newest independent refiner, Marathon Petroleum (MPC). And while many factors are at play, the company’s management sees speculative trading as one of the key forces keeping the Brent-WTI spread at its present levels.