The positive factor has been the US inventories, which declined by 4.2 million barrels, but more and more investors and markets are now getting flustered with the fact that the Brent and the WTI gap widen to $11 which is the highest since 2015.
Money managers and hedge funds are now going long on the US crude and short on Brent.
First Published:Jun 1, 2018 8:18 AM IST