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Arbitrage flows of WTI Midland to Asia persist despite unfavorable economics

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Demand for US light sweet WTI Midland crude into Asia continues to be supported for the moment by its quality premium despite unattractive arbitrage economics driven by a widening EFS spread and narrowing WTI-Brent spreads, market sources said. However, a sizeable part of this demand may in the near term move toward Middle Eastern sour ...

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