# Analysis - OPEC cuts, weak freight rates help traders profit on Asia crude routes

> 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.

- Date: 2017-02-22 · published 2017-02-22T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/72664-analysis-opec-cuts-weak-freight-rates-help-traders-profit-on-asia-crude-routes
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Shifts in crude trade routes and the Brent-WTI spread affect energy input costs and freight patterns, with limited direct effect on feed grains.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- business-standard.com: https://www.business-standard.com/article/reuters/analysis-opec-cuts-weak-freight-rates-help-traders-profit-on-asia-crude-routes-117022200511_1.html

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