WTI-Brent spread has narrowed this week as trading had been rather stretched. Indeed, the CME announced that the daily trading volume for its NYMEX WTI-Brent Crude Oil Spread Option contract (BV) reached a record high of 25 474 contracts on October 23, compared with the previous high of 19 400 on July 1, 2013.
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Gasoline Led Gains in the Oil Sector
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