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A tight spread between international crude benchmarks Brent and West Texas Intermediate has depressed US crude export flows during the past four weeks, according to sources and data from US Customs and S&P Global Platts Analytics
ReadHistorically high US crude exports have given a boost to spot rates for very large crude carriers making long-haul voyages east from the US Gulf Coast, a trend that is expected to continue into March and April, according to shipping sources
ReadUS light sweet crudes such as WTI Midland and Bakken have been offered into Asia at lower premiums in recent months amid a drop in freight rates from the US Gulf Coast to the Far East, sources in Asia said Monday
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