Current /CL:NMX Stock Info

The price of West Texas Intermediate (WTI) exceeded Brent for the first time since July 2013 today, before closing at $48.63 – just $0.14 below its spot price counterpart. In an interview with Bloomberg, John Kilduff, a partner at Again Capital LLC, said, “Strong refinery utilization here is giving WTI support, while Brent is tied to the oversupplied European market.”

OAG360 featured an article yesterday on the high utilization rates of United States refineries, which said all five U.S. PADDS operated at 93.9% capacity in the latest Petroleu...

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