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Now a year removed from the April 20, 2020 price collapse of WTI futures into deeply negative territory, the center of gravity for physical crude pricing in the US continues to shift to the Gulf Coast
ReadWhen one of the world’s most prolific oil futures contracts plunged deeply into negative territory April 20, S&P Global Platts’ pricing team was faced with the question of whether physical crude outside of Cushing, Oklahoma was also worth less than zero
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