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Weak refinery, export demand weakens prices for Midland crude along Texas coast

Oil & Gas 360ยบ

million barrels in the Permian were cut by the recent cold weather that hit operations, according to estimates from analysts at consultancy Energy Aspects. Cushing inventories have been near operational lows in recent months, but climbed to about 25.7 WTI Midland crude traded at a $1.08 premium to U.S. premium to U.S. crude futures.

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