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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (34056)	9/8/2017 3:35:43 PM
From: Goose94	Read Replies (1) of 203566

Crude Oil: prices collapsed again on Friday as China aims to reduce the capacity of its teapot refineries and Hurricane Irma zeros in on Florida. This dramatic drop in oil prices has ended several days of strong gains and created the largest spread between WTI and Brent in two years. Brent-WTI spread largest in two years. The spread between Brent and WTI jumped to its largest disparity in two years at over $6 per barrel. But that will likely ease as Gulf Coast refineries ramp up and U.S. crude is exported. There is a line of tankers sitting in the Gulf waiting to receive crude, so U.S. oil exports should rebound quickly.

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