Brent-WTI Gap Sliding as North Sea Output Jumps

Brent-WTI Gap Sliding as North Sea Output Jumps

Shane Bevel/Bloomberg

Oil pipelines feed into storage tanks at the Enbridge Inc. Cushing Terminal in Cushing, Oklahoma. The logjam of oil in the U.S. is easing after Enbridge Inc. and Enterprise Products Partners LP reversed flows on the Seaway pipeline May 19, carrying supplies from the Midwest to the Gulf Coast refining hub.