US Crude Futures Fall to $5 Discount Versus Brent

摘要

US crude oil futures fell sharply on Tuesday as traders sold to close out positions ahead of the front - month contract's expiration and in reaction to news that the Seaway pipeline had shut down, halting shipments from Oklahoma to the Gulf Coast. Seaway carries crude oil from Cushing, Oklahoma -- the delivery point for the Nymex WTI futures contract -- to refineries on the Gulf Coast.