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Oil

The new, lighter US crude grade flowing from Texas to Asia

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Listen: The new, lighter US crude grade flowing from Texas to Asia

As tighter US sanctions against Iran continue to change global oil flows, Asian refiners are testing a new grade of lighter crude flowing from the Permian Basin.

West Texas Light has an API gravity averaging 48, compared with traditional WTI at 38-44 API.

Laura Huchzermeyer, managing editor of Americas crude for S&P Global Platts in Houston, joins us to explain where WTL is heading.