Marketview: Straight Outta Houston

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US benchmark West Texas Intermediate (WTI) is looking to expand its global reach. A confluence of factors suggests US exports of light, sweet crude will rise over the next two years.

Oil Trade, Oil Demand, Crude Oil
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Brent added just 58¢/bbl on Monday after Saudi Arabia's surprise 1 million b/d output cut, signaling worries over lackluster demand growth.
Mon, Jun 5, 2023
Data from the EIA show that US crude shipments have jumped by 1,100% since export restrictions were lifted in 2015 to a record 4.8 million barrels per day in March.
Fri, Jun 2, 2023