Weekly Fundamentals – Widening of WTI-Brent Spread Persists

Events happened in recent weeks delayed the expected narrowing of WTI-Brent spread. First, capacity of the Seaway crude oil pipeline running from Cushing Oklahoma to the US Gulf was forced to be scaled back to 175K bpd by Enterprise after the operator expanded its capacity to 400K bpd from 150K bpd earlier in January.

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Weekly Fundamentals – Widening of WTI-Brent Spread Persists