OPEC’s El-Badri Says WTI Oil Is Unsuitable as Price Reference

OPEC Secretary-General Abdalla El-Badri said U.S. benchmark West Texas Intermediate crude is unsuitable as a reference for international oil trading and North Sea Brent crude isn’t perfect either. The Organization of Petroleum Exporting Countries official spoke to reporters in Dubai today about the widening gap between WTI and Brent.

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