US oil exports have hit record levels

Oil prices are finally on the rise again after two years in the dumps. Those low prices led to a build up of US crude, which were quickly depleted by Hurricane Harvey's devastation in Houston Foreign refineries are scrambling to book shipments of US oil and will continue as long as WTI remains cheaper than Brent crude. All the oil headlines this week are rightly focused on prices spiking to the highest levels in more than two and a half years. But Brent moved up to nearly a $7-per-barrel premium...