WTI-Brent Oil Spread Complicates Biden’s Bid to Tame Pump Prices

oil, oline, crude, wti,
Gulf
  • Date: 25-Nov-2021
  • Source: Yahoo News
  • Sector: Oil & Gas
  • Country: Gulf
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WTI-Brent Oil Spread Complicates Biden’s Bid to Tame Pump Prices

(Bloomberg) — President Joe Biden’s effort to tame pump prices by tapping government oil stockpiles could backfire for one simple reason: American gasoline prices more closely track international, rather than U.S., oil benchmarks.

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