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Positive move in Bakken crude price overnight. Typically it has...

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    04/05/12
    10:00
    Post #: 10131155
    Positive move in Bakken crude price overnight. Typically it has traded circa $10-15 below WTI.

    http://www.bloomberg.com/news/2012-05-03/oil-falls-after-dragi-says-euro-area-subject-to-downside-risks.html

    Bakken oil strengthened to a premium against West Texas Intermediate crude traded on the Nymex after Tesoro Corp. (TSO) said it was ahead of schedule in construction of a receiving terminal for the grade at its Washington refinery.

    Bakken oil strengthened $3 to a $1 premium to WTI, according to data compiled by Bloomberg. That’s the first time since December that the grade has traded at a premium.
    SEA Price at posting: 74.0¢ Sentiment: Buy Disclosure: Held
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