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Declining U.S. crude oil exports impact global oil prices

 Last Update: 2022-09-09
 Source: Internet
 Author: User

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The culprit behind the recent surge in oil prices is not soaring gas prices or OPEC+ production curbs, but crude oil inventory levels at Cushing, the largest crude storage hub in the U.

Traders feared that crude oil inventories at Cushing would fall to their lowest levels

The U.

The relative value of sweet crude has climbed in recent weeks as gas prices have pushed up the cost of hydrogen

While oil prices have surged, there are reasons to be cautious

Bullish sentiment is also reflected in speculative capital flows

But for now, the Brent crude market has followed WTI higher as traders bet on a tight supply of light, sweet crude

"The spread between Brent and WTI is rising, as lower U.

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