This Could Supercharge The U.S. Oil Exports Boom

All the oil headlines this week are rightly focused on prices
spiking to the highest levels in more than two and a half years.
But Brent moved up to nearly a $7-per-barrel premium over WTI, a
spread that is also at a multiyear high. The wide differential
could supercharge crude oil exports from the U.S., which have
already recently broken all-time highs. Before the U.S. lifted the
crude oil export ban at the end of 2015, WTI often traded at a
significant discount to Brent. Much of that had to do with surplus
supply trapped within the continent,…

All the oil headlines this week are rightly focused on prices
spiking to the highest levels in more than two and a half years.
But Brent moved up to nearly a $7-per-barrel premium over WTI, a
spread that is also at a multiyear high. The wide differential
could supercharge crude oil exports from the U.S., which have
already recently broken all-time highs. Before the U.S. lifted the
crude oil export ban at the end of 2015, WTI often traded at a
significant discount to Brent. Much of that had to do with surplus
supply trapped within the continent,…