Record US Oil Exports Set to Grow as WTI Discount Deepens
- Price spread between oil benchmarks widest since 2020
- Shipments reached record last week, according to EIA
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The US is exporting more oil than ever before, with shipments poised to climb even higher.
A key factor: The widening gap between West Texas Intermediate and Brent oil futures, which means traders can profit more from each American barrel shipped to energy-starved Europe and elsewhere.