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WTI spreads weaken as Crude goes lower

The WTI spreads have gotten considerably weaker the last few trading days losing more than -50 cents in the Jan/Feb contract going from -80 to -130.  This is a sign of traders liquidating their Jan positions and buying up the back end of the curve.  The Jan Arb (Jan WTI vs Jan Brent) has also gotten weaker going from flat yesterday to -70 today.  Yet another sign that Crude wants to test $75.

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