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For October/November, water-borne light, sweet crudes (Brent, LLS, ANS) continue to trend higher against WTI, and regional crudes (Bakken, Midland, Syncrude, WCS) have traded away from WTI since mid-September. Wide differentials could persist in 4Q12, but we expect them to tighten across the board in 2013.

Crude Oil Differentials  - CRUDEoiltypes