Signs of shift away from WTI

Oil traders are quietly pricing some of their deals away from the West Texas Intermediate contract, traditionally the world’s most important oil benchmark, as it is being distorted by record inventories at its landlocked delivery point.

http://www.ft.com/cms/s/0/709fb7bc-e589-11dd-afe4-0000779fd2ac.html?nclick_check=1

 

I read in FT last WE that " WTI has become about as useful as a chocolate oven glove"...It made me laugh.

 

Everytime this happen, the media say the same thing, the end of WTI..

 

You can always guarantee they will exaggerate everything to death.