Commodity Market Report
North America Crude Markets short-term outlook January 2019
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Report summary
Global markets have been volatile, and oil has been no exception with Brent prices trading between $51 and $62 per barrel over the past month taking benchmark US prices with it. In this brief outlook we update our short term pricing views for North America and: - Latest infrastructure developments in Cushing and the associated pricing impact on WTI -Accelerated Capline reversal is now in play – what are the market impacts? -Logistical buildout continues into the eastern USGC market
Table of contents
- Brent-WTI tightens on increased Cushing-USGC capacity
- Capline Reversal takes a step forward
- Eastern Gulf logistics buildout moves forward
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