In a Volatile Oil Market, Much of the Action Is Between Benchmarks
Growing U.S. shale production is depressing the U.S. crude benchmark, WTI, relative to the global Brent standard and shifting the flow around the world.
As energy investors bet on the direction of crude oil prices following the recent plunge of more than 50 percent, the question of which benchmark to use is more relevant than ever. The difference between the price of
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