Over the past two weeks, crude oil prices at Clearbrook and Guernsey have, for the second time this year, closed the gap between the Bakken and West Texas Intermediate (WTI) prices. Bakken prices are up and there is a simple explanation why. New rail terminals - both in the Bakken and at refining centers on the East and Gulf Coasts. In today’s blog we explain why Bakken prices are rising and what the implications are for rail shippers out of the region.
To continue reading this RBN Daily Energy Post you must be logged as a RBN Backstage Pass™ subscriber.
Beginning in January 2014, full access to the RBN Energy blog archive which includes any posting more than 30 days old is available only to RBN Backstage Pass™ subscribers. In addition to blog archive access, RBN Backstage Pass™ resources include Drill-Down Reports, Spotcheck Indicators, Market Fundamentals Webcasts, Get-Togethers and more. If you have already purchased a subscription, be sure you are logged in For additional help or information, contact us at firstname.lastname@example.org or 888-613-8874.