Although Brent is still north of 52 (down from ~56). WTI prices doesn't have that great impact on world prices.
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Well, the spread is usually not bigger than a fixed amount so one will trigger the other and also, the US now allow exports.
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The US crude export is bigger than I thought. It's really taken off lately and added 350k b/d since early Feb. Soon 1M b/d.pic.twitter.com/1DpUY1zhyC
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when brent hits below 50 it's probably time for a beer.
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And if it continues down the popcorn sales will boom in Ukraine.
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tomorrow's friday. we'll see if the bulls manage to keep it up above 50 before close. they probably will this time.
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So, Trump needs to lift those sanctions, cannot leave Putin's economy in peril
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oil mining by fracking picking up quite rapidly and will bring oil prices well below $50 per barrel+we have already much ofit
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People buying PUTIN's oil and gas are financing his weapons.
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more for to feed the Russians with then
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