Could anyone explain what leads to the spread between WTI and BRENT oil price, and what will be the upper limit of the spread to cause export of oil from US to other country.
Thanks!
Cushing, Oklahoma is the delivery point for WTI, and that's been a problem in recent years in that there have been transportation bottlenecks getting to/from Cushing, and the result has been that the price in Cushing has been at times a lot lower than the price on the US east coast.and overhaul the visa waiver program, barring anyone who had visited Syria, Iraq and other possible terrorist hotspots in the last five years from entering the U.S. without a visa