The Market, Energy, And Political Page, T+28 -- June 28, 2018 -- LSS -- The DAPL-Bakken -- Now Flirting With $80/Bbl -- Jumps $3.68/Bbl -- We're Off To The Races

Note: DAPL-Bakken oil is now priced at a premium to every other oil I can find.

Oil operators have not reported a completed DUC in months. I assume they have reported a few, but if so, there haven't been many. Whatever the number of DUCs reported as completed in the past month or so, it's trivial. I think regular readers can connect the dots. I started talking about it a couple of weeks ago. 

Holy mackerel: WTI surges -- now over $73 -- who wudda thought. Remember, just a few months ago, trading around $55.

• WTI: $73.89
• Brent: $77.96
• West Canadian Select: $49.76
• Louisiana Light (LLS), a DAPL-Bakken proxy: $79.91
• OPEC basket: $74.31

But look at this, the jump in prices today:

• Louisiana Light (LLS), a DAPL-Bakken proxy: surges $3.68/bbl
• OPEC basket: up $1.62
• WTI: in comparison, jumps only 82 cents

The race is on:

The Race Is On, George Jones

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The Book Page 

Week 1: The Road Not Taken, Max Boot, c. 2018
Week 2: The Island That Disappeared: The Lost History of the Mayflower's Sister Ship and Its Rival Puritan Colony, Tom Feiling, c. 2017
Week 3: Spineless: The Science of Jellyfish and the Art of a Growing a Backbone, Juli Berwald, c. 2017