Our View

Time for Low-Cost Middle Eastern Producers to Abandon OPEC?

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Crude Oil Open Interest

Change in open interest in three primary crude oil futures contracts since November 8, 2016. Click on the table to enlarge it.

The Brent/Cushing Spread: It's Inventories, Stupid (November 20, 2017) -- WTI delivered in Cushing continues to trade at a very large discount to WTI delivered in Houston and to Brent. The difference is explained by inventory levels.

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