The US Energy Information Administration (EIA) has lowered its estimate of the year - end price discount for US crude versus imported barrels, even as domestic production swells. In this month's Short - Term Energy Outlook (STEO), the EIA predicts that the discount for US benchmark West Texas Intermediate (WTI) versus global marker Brent will stand at about $6 by year's end ( related ). It had previously estimated that the discount -- which currently stands at around $2 -- would be around $8 by year's end.
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