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Widening WTI-Dubai crude spread seen boosting US oil exports
5/16/2018

West Texas Intermediate crude's discount to Middle East benchmark Dubai reached $3.21 per barrel on Tuesday, its widest level since December, as growing inventories in Cushing, Okla., and surging US output weigh on US oil prices. However, WTI's weakness along with the prospect of reduced Iranian exports could encourage Asian buyers to purchase more American barrels.

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