The White House appears to be throwing everything into global energy markets to keep costs down. While oil prices remain elevated at around $95 per barrel, the divergence between US and global benchmarks has widened significantly. West Texas Intermediate has declined to its deepest discount to Brent since May 2019. This could be due to strong domestic production and the administration’s broad array of measures to keep US prices below $100.
Calling Dr. Jones to Resolve Oil Prices
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