Post by
MLEWICKIMBA on Apr 23, 2024 3:21am
Brent Crude and WTI -- Differential Widening
1. This is for export shipping costs -- I expect exports to start surging into summer
2. Inventory draws will bring up prices by 5 to 10 dollars plus any outage or additional skirmish
3. This week may be a bit volatie but May brings May which is the start to summer driving season in a world that is only on its second full year of global mobility.
Record consumption expected May to August 2024.
ML