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According to Dow Jones on June 6, the latest data from the US Energy Information Administration (EIA) showed that US crude oil exports fell sharply by 465,000 barrels per day to 1.
7 million barrels per day last week, although the price of WTI crude oil benchmarked by the US was $10 / b
lower than that of its rival global benchmark Brent crude oil.
WTI prices are currently around $64 per barrel, while Brent crude is around $74 per barrel, one of
the largest spreads between WTI and Brent prices in years.
In theory, this would make U.
S.
-made crude easy to sell on global markets, but some analysts say U.
S.
-made shale isn't the kind of crude
that some importers want or need.
However, last week's exports of 1.
7 million b/d were still up sharply from a year ago, when U.
S.
oil exports were just 557,000 b/d
.
According to Dow Jones on June 6, the latest data from the US Energy Information Administration (EIA) showed that US crude oil exports fell sharply by 465,000 barrels per day to 1.
7 million barrels per day last week, although the price of WTI crude oil benchmarked by the US was $10 / b
lower than that of its rival global benchmark Brent crude oil.
WTI prices are currently around $64 per barrel, while Brent crude is around $74 per barrel, one of
the largest spreads between WTI and Brent prices in years.
In theory, this would make U.
S.
-made crude easy to sell on global markets, but some analysts say U.
S.
-made shale isn't the kind of crude
that some importers want or need.
However, last week's exports of 1.
7 million b/d were still up sharply from a year ago, when U.
S.
oil exports were just 557,000 b/d
.
