Nice news report. But though 'TI was the world index for Crude- I think Brent is the real leader. ie Price changes in Brent set the outright price and everything else trades as a spread. TI is less and less relevant. In fact LLS in hte US is the more accurate marker when one thinks of oil fundamentals for the US. DOn't get me wrong, whilst the US consumes nearly 20mil bbl/day of hte world's 90mmbd the US fundamentals will always be important- just TI is more easliy "disconnected" due to the quirks about its delivery process.