US Bakken crude discounts deepen

摘要

Houston—Bakken Blend differentials at terminals close to North Dakota wellheads held their lowest assessment since December Tuesday, closing at the calendar month average of the NYMEX light sweet crude oil contract (WTI CMA) minus $6.25/b. While one factor dragging on Bakken differentials has clearly been a tight Brent/WTI spread—trading around 42 cents/b Tuesday, well-in from the steady $2/b seen this summer—the return of Louisiana Light Sweet to the Midwest market may also be having an impact, according to traders.