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Reuters reports oil traders have tripled long-haul crude sales to Asia as OPEC-led cuts of about 1.8 million bpd create an opening for arbitrage. WTI trades near $54.50 and Brent near $56.90, with Brent's premium over WTI widening to $2.40.
Shifts in crude trade routes and the Brent-WTI spread affect energy input costs and freight patterns, with limited direct effect on feed grains.
business-standard.comReutersFeb 22, 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.
