Brent Oil Breaks Its Post-Crash High

WTI and Brent rallied on Monday and Tuesday, ahead of the API inventories report as traders grew more concerned that sanctions on Iran can have a strong impact on global crude supply. (Click to enlarge)   (Click to enlarge) (Click to enlarge) Chart of the Week (Click to enlarge) – The U.S. exported 913,000 bpd of gasoline in the first half of 2018, an increase of 144,000 bpd over the same period in 2017, according to the EIA.- Mexico accounted for more than half of those shipments at 504,000 bpd.- Mexico’s refineries are operating at…

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