Gern-zee Holds Its Premium as Southbound Exits Choke
Brent’s freight-driven premium still does little for Rockies barrels, while the latest EIA report shows a larger-than-expected U.S. crude draw concentrated on the Gulf Coast—and builds in the Rockies and at Cushing. In GERN-zee, soft desk indications show Sweet unchanged over Cushing as constrained southbound pipelines leave uncommitted barrels choosing Clearbrook at a discount or sitting in tankage.
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