24.01.2014 - For U.S. Gulf Coast crude oil market, choppy waters before the flood
With this week's launch of a long-awaited new oil pipeline from the U.S. Midwest to the Gulf Coast, traders are on high alert for a flood of crude they expect to drown local prices. Yet, instead of heralding a new era of relatively stable prices, TransCanada Corp's new 700,000 barrels-per-day line may be paving the way for a period of greater volatility as traders attempt to work out exactly when, and how, the long-awaited coastal glut will finally arrive...............................................Full Article: Source
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