Unprecedented U.S. Exports Are Weighing on Global Crude Market

(Bloomberg) Exports of US crude are nearing a record of 6 million barrels a day — flooding the market with oil and weighing on prices from Europe to Asia. Shipments for the week ended Dec. 1 could reach about 5.7 million barrels a day, according to ship-tracking firms Kpler and Vortexa. Macquarie, meanwhile, sees exports … Read more

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