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High quality: WTI is taken into account a "light-weight sweet" crude oil, and that is simpler to refine, though Brent is actually a mixture of crude oils, such as both equally "mild sweet" and "heavy bitter" grades.
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None of This implies the U.S. oil market is in decrease. But it really does counsel the frantic expansion of the last decade may very well be at the rear of us. From right here on, output could amount off or maybe slowly decline.
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Marketplaces that once counted over the U.S. to supply the whole world with oil will need to regulate their expectations.
Inside of a market place increasingly ruled by geopolitical tremors and macroeconomic mismatches, crude oil dipping below $65 for every barrel looks like a present to…
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