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Plains All American's (PAA) purchase of five crude oil rail terminals is a sign that big players...
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Thursday, December 6, 2012, 2:41 PM ETPlains All American's (PAA) purchase of five crude oil rail terminals is a sign that big players are betting against a big narrowing of Brent-WTI prices any time soon, Robert Campbell writes. PAA has staked $500M on a belief that inland and perhaps Gulf Coast crude prices will remain sufficiently depressed to support very high-cost movements to the U.S. coasts for years to come.
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