Goldman Sachs says US border tax would “blow out” Brent/WTI crude spread

Goldman Sachs says US border tax would “blow out” Brent/WTI crude spread

May 10, 2017
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By hellenicshippingnews. Goldman Sachs commodity strategist Jeff Currie said on Wednesday if the U.S. government were to introduce a border tax adjustment on crude oil imports, the spread between Brent and U.S. futures would widen dramatically. The principal impact of a border tax adjustment would be to raise the price of domestic crude compared with international grades … Read full story ›

Source:: Hellenic shipping news Oil