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Predicting Gulf-Coast oil prices is getting harder

Posted on 25 November 2013

The price of oil on the Gulf Coast – home to half of U.S. refining capacity — is becoming increasingly tough to predict, a new report from Credit Suisse.
The U.S. oil boom has kept prices in the Midwest at a steep discount to the global market for two years. But with relatively little of that oil finding its way to the Gulf Coast, refineries in Texas and Louisiana were still paying roughly the global rate for a mix of imports and oil produced in the Gulf of Mexico………………………………………..Full Article: Source


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