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Oil prices were steady to slightly firmer on Tuesday, with Brent at $61.18 and WTI at $54.21. Traders noted the wider WTI-Brent spread has drawn US crude exports up to nearly 2 million bpd.
The rise in US crude exports as the spread widens shows arbitrage flows, and these could limit further gains in crude prices. Energy costs for feed logistics remain firm.
zeebiz.comReutersOct 31, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
