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US Crude Oil Exports Could Rise

Gordon Kristopher
US Crude Oil Exports Could Rise

US crude oil exports fell 28% to 1,461,000 bpd (barrels per day) last week, but rose by 733,000 bpd (101%) YoY (year-over-year) due to the oil export ban being lifted, domestic oil production rising, and the Brent-WTI spread widening.