US crude oil exports plunged by more than 40 percent in June, foreign trade data from the U.S. Census Bureau showed on Friday, after Brent’s premium to U.S. crude hovered in a tight band earlier this year.
Total exports dropped to 383,000 barrels per day from May’s record of 662,000 b/d, according to data compiled by Reuters. Exports to Canada were 280,000 b/d versus 308,000 b/d a month prior. Exports to United Kingdom were 37,000 b/d, nearly unchanged from May.
