# Crude Oil Markets: Light, Tight Oil Impacts Pricing, Once Again | Energy Intelligence

> Energy Intelligence reports that Libya, Nigeria and the US added a combined 450,000 b/d of light sweet crude in May 2017. Brent's contango widened to $1.30 over six months while dated Brent traded about $1.10 below the prompt future.

- Date: 2017-05-30 · published 2017-05-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/71177-crude-oil-markets-light-tight-oil-impacts-pricing-once-again-energy-intelligence
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Growing light, sweet supply and a wider contango point to a physically loose market, reinforcing downward pressure on crude prices.

## Read by commodity

- WTI: neutral
- BRENT: bearish ▼

## Sources

- energyintel.com: https://www.energyintel.com/0000017b-a7d1-de4c-a17b-e7d3f6b90000

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.