Bakken Oil’s Premium to WTI Dropped

Oil and Gas Investing

Bloomberg reported that Bakken oil’s premium to WTI dropped after Marathon Petroleum Corp. (NYSE:MRO) continued its maintenance work at Illinois refinery.

Bloomberg reported that Bakken oil’s premium to WTI dropped after Marathon Petroleum Corp. (NYSE:MRO) continued its maintenance work at Illinois refinery.

As quoted in the market news:

Bakken oil’s discount widened $4.50 a barrel to $12 below U.S. benchmark WTI at 1:31 p.m. in New York, according to data compiled by Bloomberg. That’s the cheapest the graded has traded since March 23.

Click here to read the full Bloomberg report.

The Conversation (0)
MARKETS
COMMODITIES
CURRENCIES
×