Early Trade: "BRENT CRUDE SLAMMED FOR 4%, TRADING AT SIGNIFICANT DISCOUNT TO WTI"

ICE Brent has recovered a bit, 28.200 last, off 2.62%, most active (March) WTI 29.86 down 53 cents, rolling off Feb's, 28.92 down 60 cents.

From The Fly:

Brent is off by 4%, increasing the spread v WTI to almost $1. This is massively important to our refiners, who might just choose to import that cheap Brent in favor of the crap coming out from Texas.

With the spread inversion, the bastards are no longer to rob and steal from the layman American gasoline guzzler....

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