~*~Mining and Metals Du Jour~*~

[Phatlander]

Could tighten the gap between WTI and Brent, re UWTI:

The Obama administration will now allow limited sales of U.S. crude to Mexico for the first time, marking another milestone in loosening a contentious ban on exporting domestic oil. The shipments, likely to be high-quality shale oil, would help Mexico's aging refineries produce more premium fuels, while U.S. refiners would continue to get Mexican heavy oil, a better match for them than the light oil coming from Texas and North Dakota. Crude futures -1.1% to $42.04/bbl