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WTI crude nears Brent valuation as U.S. oil demand accelerates

August 2, 2021 by

Each week drivers are traveling billions of miles on interstates, just as they did in 2019, before the pandemic ravaged global oil consumption. But despite a steady ramp up in demand in recent months, wildcatters in West Texas aren’t firing up rigs like they used to, with production still down 15% from the peak last year.

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