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

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.
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Comments (1)
  • The Geoffster
    , contributor
    Comments (4131) | Send Message
     
    Obama said we don't need no stinking pipelines from Canada, so this makes sense.
    16 Nov 2011, 09:10 AM Reply Like
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