Thursday, September 27, 2012

Random Update On Today's Spot Price for Bakken Light Sweet Oil At Clearbrook, MN -- September 27, 2012

Updates

May 8, 2013: After Bloomberg removed Bakken pricing, I was unable to find any source for Bakken pricing without a very expensive subscription. One can occasionally find updates at Clearbrook News.
Original Post
Pricing.

A while ago one could get the spot price of Bakken light sweet at Clearbrook, Minnesota, and then that link was taken down by Bloomberg.

Until I find another or a better source, this is about the best I can do:
If I am reading the links correctly, this is what I get:
  • From the first link, Bakken is pricing at a $2.25 premium to WTI.
  • From the second link, WTI Cushing spot is $91.22. 
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Note to the Granddaughters

I've talked about this book before; I'm still reading it: Simon Winchester's Atlantic. Have you ever wondered where the "sterling" in sterling silver came from? I never gave it a thought. But here's the answer.

In the 13th century, merchants in northern German organized their Atlantic oceanic business to protect their trade in salt fish. The merchants formed themselves into what they called a Hanse -- after the Latin term hansa for a military troop or company; the immediate precursor to the Hanseatic League was created in 1241. 

"Hansa" remains with us today: Lufthansa Airlines. 

According to Winchester, in Atlantic, pp. 277 - 278:
London was a western outpost of the League. The Britons who did business with the Hansa found them trustworthy and reliable. According to many lexical authorities, the word that Londoners used for traders from the Hanseatic eastern cities -- easterlings -- became shortened and incorporated into the English language as the word sterling, with its implied meaning of solid reliability.
So, there you have it. Something for tomorrow evening's cocktail party. 

2 comments:

  1. I contacted the people at OIL-PRICE.NET with an e=mail and said it would be nice if they would start posting the price of Bakken crude. They replied the next day and said they were going to start posting daily prices for Bakken crude at clearbrook within a couple weeks. Something to look out for.

    ReplyDelete
    Replies
    1. Awesome. I've linked this site on my "Data Links" page.

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