An interesting thought from Mike Bergen on the move higher in WTI crude this morning: Conoco's...

|By:, SA News Editor

An interesting thought from Mike Bergen on the move higher in WTI crude this morning: Conoco's (COP) sale of a pipeline to Enbridge (ENB) means its flow will reverse to the Gulf Coast, reducing supply to Cushing refineries in Oklahoma where WTI is priced. Brent crude (BNO -1.8%) moving down as WTI (USO +1%) moves higher lends credence to this theory.