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As the global oil price moves above $70 to a 2019 high, why is the US benchmark lagging?

As is often the case, geo-politics is moving the oil price. The ongoing internecine conflict in Libya disrupting supply from the country and helping the Brent crude benchmark to 2019 highs above $70 per barrel.The two main benchmarks in the crude oil market are West Texas Intermediate (WTI) and Brent. US oil is priced off WTI while the latter is the yardstick for crude sold in the rest of the worl
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