Oil Poised for Strongest Quarter This Year on Economic Optimism at Bloomberg. Oil climbs on China stimulus speculation and Spain budget talks at Financial Post.
Iraqi crude oil production approaching highest level in decades at the EIA.
Energy fact of the week: Surging U.S. oil production in September reaches the highest level since January 1997 by Mark Perry.
“Western Canadian Select, the most common benchmark for oil produced in this country, has been selling for significantly less than West Texas Intermediate crude, the North American benchmark, for the past several months. WTI already trades for less than the global Brent benchmark, hence the term “double discount.”” Financial Post
“The EPA has just issued another mandate – this one requiring that people who buy gas at stations where E15 (15 percent ethanol content) is sold buy at least four gallons of fuel.” Eric Peters Autos
Natural gas flows: Haynesville Play.
Don’t you just love it, that the MSM can always tell you
what and why there were gains or losses today in the market…