Petrobras abandons WTI, joins move to Brent pricing

Reuters Friday 21st October, 2011

RIO DE JANEIRO/HOUSTON, Oct 21 (Reuters) - Brazilian state oil company Petrobras has switched its pricing of its U.S.-bound crude oil exports to a Brent benchmark, the company's supply director said on Friday, the latest sign of the waning influence of the West Texas Intermediate marker.

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