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Changes in US export policies, such as easing restrictions on crude oil exports, can also influence the spread. When the US lifted its ban on crude oil exports in 2015, it allowed more WTI to reach international markets, which helped to narrow the spread. Infrastructure, such as pipeline capacity and port facilities, also plays a crucial role. Bottlenecks in pipelines or limitations on export terminals can cause WTI prices to fall relative to Brent. Any upgrades or expansions in these areas can potentially affect the spread.
