Hi all Any good idea why does the spread plunged to -6, and a little bit more.. Any fundamental reason ?????? greg
Last week, open interest in the WTI Nymex futures rose by 4.94%, while the ICE Brent futures open interest rose by 7.35%.
Yesterday i check the data and i see the stocks in Padd II are at historical levels. I also think that this http://transcanada.essentialtalk.com/media/4/ alsa can be an important reason.. the Keystone pipeline.. thanks and have a nice day
Lot of talk about specs and long-only commodity funds moving from WTI to Brent as a result of pending regulatory changes, position limits, etc... What are the domestic (US) implications if this spread blows out to $20? Better for consumers to have the specs run up Brent while WTI languishes, or is this an overly simplistic view?
It would become feasible to build a trans-atlantic pipeline from the US, starting at Houston or New York City, to Europe, ending at either London or Rotterdam, and "bust" the spread.
Don´t Give them Ideas.. !!!! they will say the trasncanada whorkers , just turn right a litle bit at Cushing, Oklahoma and don´t stop untill London !!!!!