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U.S. crude exports soar

July 25, 2020 by

Analysts attributed the surge to lower prices of U.S. crude compared to Brent crude produced in the North Sea. The price gap between Brent and the U.S. benchmark, West Texas Intermediate has widened from $3 a barrel in early March to about $6 a barrel this week, according the S&P Global Platts, a commodities research and analytics firm.

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