WTI oil discount to Brent largest in eight months as more Venezuelan crude expected in US
Reuters·2026-01-13 17:42
Core Insights - The discount on U.S. crude futures to the global benchmark Brent has increased by approximately $1 per barrel since the U.S. ousted Venezuelan President Nicolas Maduro on January 3 [1] Industry Impact - The increase in the discount indicates a shift in the pricing dynamics of U.S. crude oil in relation to global benchmarks, potentially affecting competitiveness in the oil market [1]