From Nick Cunningham: U.S. exports have spiked in recent weeks, upending longstanding trade flows. But while that may be good news for some U.S. drillers, the unusually high level of crude exports are not obviously a good sign about the health of the oil market.
At the same time, it is not guaranteed that U.S. producers will be able to continue to ship oil abroad at such a high rate for very long.