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Grades fall as export economics weaken

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Physically traded domestic crude grades fell on Friday, dealers said, as the WTI/Brent spread narrowed, making transatlantic arbitrage economics less workable for traders. The spread between U.S. West Texas Intermediate and Brent crude narrowed to as little as minus $3.23 per barrel during the session, its smallest discount since Sept. 30, according to LSEG. A ...

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