Strengthening U.S. Crude Markets Put Export Cargoes in Doubt
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The U.S. oil market is showing clear signs of tightening on the back of strengthening demand, raising a question about whether the nation’s booming crude exports could slow.
Two key measures of U.S. market strength rallied to the highest levels in months this week, suggesting physical supply is becoming more constrained with traders willing to pay premiums to secure more-immediate barrels.