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EIA sees oil price differentials narrowing, US natural gas prices increasing

Posted on 12 April 2013

Changing oil market dynamics appear set to reduce the wide price differential between Brent crude oil and WTI that developed within the past few years, the Energy Information Administration said in its latest Short-Term Energy and Summer Fuels Outlook.
These global benchmark crude oil grades are also expected to generally decrease in price from the averages seen last year, while US natural gas prices move well above the historic lows recorded last April……………………………………..Full Article: Source


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