The Drilldown: Crude surges as WTI narrows discount to Brent price

The Lead: Crude prices have reached their highest levels since 2014 due to falling U.S. inventories, OPEC-led supply cuts and a weakened dollar. The North American crude benchmark — West Texas Intermediate — reached US$66.11 per barrel Thursday morning, closing the gap between the North American and European prices while continuing on an upward trend. In […]

The post The Drilldown: Crude surges as WTI narrows discount to Brent price appeared first on iPolitics.

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