US Crude Takes Heavy Discounts to Brent

摘要

Oil prices have rebounded after falling some 5% last week, but US crude keeps slipping against global crude benchmark ICE Brent. As of Tuesday afternoon, US crude futures for Nymex West Texas Intermediate (WTI) at their physical pricing point in Cushing, Oklahoma, were a little more than $11 cheaper than Brent - the widest gap since summer 2018.