West African crude too expensive for US

摘要

London-The arbitrage to send West African crudes to the US Atlantic Coast and Gulf Coast has not materialized in many shipping fixtures yet, despite a relatively narrow WTI/Brent spread, trading sources said Wednesday. Traders had expected to see arbitrage and shipping fixtures between West Africa and the US because of the sharp contraction in the premium of Brent futures over US light sweet crude benchmark WTI.