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WTI crude isn't a decent benchmark for prices in the U.S., let alone the world, says...

WTI crude isn't a decent benchmark for prices in the U.S., let alone the world, says Jeff Rubin, who argues that more oil soon to flow from Alberta's tar sands is going to push the spread to Brent even wider. Bottom line: We're already back to triple digit oil prices. Brent ETF: BNO. WTI ETF: OIL.
Comments (2)
  • This was a great article, I was looking for precisely this analysis recently to understand WTI/Brent.

     

    The only thing lacking was an exploration of prices of retail/refined product around WTI and Brent and whether the result of WTI being virtually exclusive to the US market does that mean we effectively pay a cheaper price for retail product than the rest of thwe world buying at Brent levels?

     

    Hope that's clear -
    3 Feb 2011, 02:22 PM Reply Like
  • Ouch...tar sand oil harvest is brutal.
    3 Feb 2011, 02:35 PM Reply Like
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