July 15, 2018
THANKS, UR:
U.S. oil boom delivers surprise for traders - and it's costly (Julia Payne, Devika Krishna Kumar, Dmitry Zhdannikov, 7/15/18, Reuters)
The world's biggest oil traders are counting hefty losses after a surprise doubling in the price discount of U.S. light crude to benchmark Brent WTCLc1-LCOc1 in just a month, as surging U.S production upends the market.
Posted by Orrin Judd at July 15, 2018 7:39 AM