Bakken crude oil has traded at an $8-$10/Bbl discount to WTI for the past few weeks, and a few times since January this year has blown out to more than $20/Bbl. We talked about some of the reasons for this volatility in the first two installments of “The Bakken Buck Starts Here”, covering the mysteries of crude postings and pipeline hub pricing. Ultimately however refiners are more concerned with delivered crude oil prices. Today’s installment of The Bakken Buck Starts Here – Bakken Crude Pricing Part III compares delivered crude costs to four US refining centers.
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