Well that escalated quickly... WTI back to a $43 handle again as The White House comments that it does not support The House bill to lift a ban on crude exports. Reuters reports that The White House says The Commerce Department should make the policy decision.
House Majority Leader Kevin McCarthy to announce that he’ll schedule
vote on bill to lift U.S. crude-export ban in last week of Sept.: WSJ.
The comment sparked selling in WTI (as Brent-WTI hit an 8-month tight)
[5]
