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.
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