Texas shale challenges North Sea crude as world oil benchmark

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Texas shale challenges North Sea crude as world oil benchmark

02 February 2018, New York/Houston/Singapore – Surging shale oil production in Texas and North Dakota is being felt on trading desks in Chicago, Houston and New York, where a brisk business in West Texas Intermediate crude futures is far outpacing contracts for London-based Brent crude. As the United States approaches a record 10.04 million barrels …

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