Title : The Market, Energy, And Political Page, T+28 -- June 28, 2018 -- LSS -- The DAPL-Bakken -- Now Flirting With $80/Bbl -- Jumps $3.68/Bbl -- We're Off To The Races
link : The Market, Energy, And Political Page, T+28 -- June 28, 2018 -- LSS -- The DAPL-Bakken -- Now Flirting With $80/Bbl -- Jumps $3.68/Bbl -- We're Off To The Races
The Market, Energy, And Political Page, T+28 -- June 28, 2018 -- LSS -- The DAPL-Bakken -- Now Flirting With $80/Bbl -- Jumps $3.68/Bbl -- We're Off To The Races
Note: DAPL-Bakken oil is now priced at a premium to every other oil I can find.Oil operators have not reported a completed DUC in months. I assume they have reported a few, but if so, there haven't been many. Whatever the number of DUCs reported as completed in the past month or so, it's trivial. I think regular readers can connect the dots. I started talking about it a couple of weeks ago.
Holy mackerel: WTI surges -- now over $73 -- who wudda thought. Remember, just a few months ago, trading around $55.
- WTI: $73.89
- Brent: $77.96
- West Canadian Select: $49.76
- Louisiana Light (LLS), a DAPL-Bakken proxy: $79.91
- OPEC basket: $74.31
- Louisiana Light (LLS), a DAPL-Bakken proxy: surges $3.68/bbl
- OPEC basket: up $1.62
- WTI: in comparison, jumps only 82 cents
Thus Article The Market, Energy, And Political Page, T+28 -- June 28, 2018 -- LSS -- The DAPL-Bakken -- Now Flirting With $80/Bbl -- Jumps $3.68/Bbl -- We're Off To The Races
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