New York-The ICE Brent/NYMEX WTI spread broke above $16/barrel Friday for the first time since March 15, as most market risk remains overseas, boosting ICE Brent, while US crude supply remains ample, analysts said. The front-month January spread closed at $16.21/b, widening from $14.64/b Thurs- day. ICE January Brent settled up 97 cents at $111.05/b, while NYMEX January crude settled down 60 cents at $94.84/b.
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