What the Narrowing WTI/Brent Price Gap Means for Investors: Elliott Gue
The Energy Report: U.S. oil prices hit their third peak of 2012 soon after your last interview with us, then bottomed around $85 per barrel ($85/bbl) in early November. Now they’re back in the . . . → Read More: What the Narrowing WTI/Brent Price Gap Means for Investors: Elliott Gue Similar posts: Porter Stansberry: End the Ban on US Oil Exports The Energy Report: As a history enthusiast, Porter, to what... Lithium Demand Will Spike: Daniela Desormeaux The Energy Report: The fourth annual Lithium Supply & Markets... Canadian Oil Explorers Pump Profits Abroad: Frederick Kozak The Energy Report: It seems the oil market has defied...
The Energy Report: U.S. oil prices hit their third peak of 2012 soon after your last interview with us, then bottomed around $85 per barrel ($85/bbl) in early November. Now they’re back in the mid-$90s. What’s causing the recent strength?
Elliott Gue: New pipeline capacity is alleviating some of the supply crude glut in places like Cushing, Oklahoma. As a result, West Texas Intermediate (WTI) has gained ground against Brent, which is now trading just under $114/bbl and has been in that same $107–115/bbl … [visit site to read more]
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