With the startup of TransCanada’s Cushing Marketlink pipeline and increased rail shipping of crude directly to the US Gulf Coast (bypassing Cushing, Oklahoma), a new dynamic in the US energy markets is taking shape. The glut of crude at Cushing (see po…
The spread between crude oil traded in the international markets and the US benchmark, the so-called Brent-WTI spread has blown out once again. It’s now approaching levels not seen since February.
CRUDE FUTURES: Crude Falls In After-Hours Trading After API ForecastWall Street JournalNEW YORK (Dow Jones)–US crude-oil futures tumbled almost a dollar in after-hours electronic trading Tuesday after an industry report predicted swelling supplies. Li…
CRUDE FUTURES: Crude Falls In After-Hours Trading After API ForecastWall Street JournalNEW YORK (Dow Jones)–US crude-oil futures tumbled almost a dollar in after-hours electronic trading Tuesday after an industry report predicted swelling supplies. Li…
The looser the monetary policy, the higher the commodity (or so I have read)
http://ftalphaville….cushing-factor/
Bernanke is hoping that August was a BIG BOTTOM!! LOL