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8-K
DELEK US HOLDINGS, INC. filed this Form 8-K on 11/27/2017
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Differential is additive to crack spread trends in the current market environment WTI-Brent Crude Oil Price Differential Trends Improving 4 1) Differential source: Bloomberg 11/17/18. -$30 -$25 -$20 -$15 -$10 -$5 $0 $5 $10 Jan -0 7 A u g-0 7 M ar-0 8 Oct -0 8 M ay-0 9 D e c-0 9 Ju l-1 0 Fe b -1 1 Se p -1 1 A p r-1 2 N o v-1 2 Ju n -1 3 Jan -1 4 A u g-1 4 M ar-1 5 Oct -1 5 M ay-1 6 D e c-1 6 Ju l-1 7 S p er b b l. WTI vs Brent, $/bbl (1)  WTI versus Brent has widened  Began in early 2017  Primary drivers of this change include:  Global market improvement - OPEC cuts  Current WTI price supports production in U.S.  Increased light production from Shale plays  Transportation cost to clear in the export market  Increased production of light domestic crude oil  Permian Basin production has continued to grow  Light barrels will need to clear the market


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