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Brent-WTI price spread to widen on US weakness

The long-awaited inclusion of WTI Midland into Dated Brent is now taking place in a gradual month-long process that started on 2nd May. The inclusion of Midland could be a factor weighing on the Brent-WTI price spread in the coming months, but we actually think the spread is more likely to widen.

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