U.S. Solves Its Oil Glut Dilemma
For the first time in nearly three years, the price of crude oil is higher in the U.S. than in Europe. And, believe it or not, that's great news.
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For the first time in nearly three years, the price of crude oil ishigher in the U.S. than in Europe. And, believe it or not, that's great news.
Energy investors closely track the difference, or spread, between the so-called West Texas Intermediate spot price in the U.S. and the Brent price in Europe. The spread has vanished over the past few months.