OP: The spread between Brent and WTI has aligned with transatlantic freight costs
Oilprice.com reports: The cost of transporting U.S. crude from the Gulf Coast to Europe has been ...
SEEKING ALPHA reports:
– Crude oil prices and energy stocks are taking it on the chin as the concerns about a new COVID-19 variant are raising questions about global growth.
– WTI crude (CL1:COM) (NYSEARCA:USO) is down 6%, nearing $73/barrel and Brent (CO1:COM) is down 5.7%.
– WTI hasn’t been below $74/barrel since late September…
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