To anyone saying that WTI has flipped versus Brent


It hasn't. Arbs stay as huge as they've been because the crude export ban was lifted, any narrative on the contrary is just mistaken. All the time have a look at identical month contracts when arbs.

June WTI/Brent (nonetheless the widest entrance month arbs in a really very long time):

https://preview.redd.it/km6r7ddx1ftg1.png?width=2136&format=png&auto=webp&s=0d5fece698196de94f21e0ebf9268f22624b942b

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