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Goldman Sees Substantial Narrowing of Brent-WTI Spread

Goldman Sees Substantial Narrowing of Brent-WTI Spread
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Δευ, 14 Ιανουαρίου 2013 - 15:42
The Brent-WTI spread should narrow to around $6/bbl on average in the second quarter, from around $17/bbl now, says Goldman Sachs, as Nymex crude at the Cushing delivery point shifts from being in a large surplus to a large deficit thanks to new pipeline capacity.
The Brent-WTI spread should narrow to around $6/bbl on average in the second quarter, from around $17/bbl now, says Goldman Sachs, as Nymex crude at the Cushing delivery point shifts from being in a large surplus to a large deficit thanks to new pipeline capacity. Brent-WTI spread trades at $16.91/bbl. ICE February Brent is up 18 cents, or 0.2%, at $110.82/bbl. Nymex February crude is up 32 cents, or 0.3%, at $93.88/bbl.

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