Brent to WTI drop to 8-month low on Friday

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Source: Bloomberg

Brent oil's premium to West Texas Intermediate crude declined to its lowest level in eight months on Friday as the Organization of Petroleum Exporting Countries' exports will be cut by 2% through April due to a maintenance at Asia's refineries. Brent for delivery in May was up 3 cents at $107.50 a barrel on London's ICE, while May WTI futures rose 15 cents to $92.60 a barrel on NYMEX.


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