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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (45733)	6/26/2018 2:14:17 PM
From: Goose94	Read Replies (1) \| Respond to of 203376

Crude Oil: Syncrude outage sends WTI soaring. Syncrude Canada suffered an equipment malfunction at one of its oil sands facilities, which could disrupt as much as 360,000 bpd for the month of July. The outage significantly narrowed the WTI-Brent discount, pushing up WTI on expectations of much tighter supplies in North America. Lower flows from Canada could drain inventories at the Cushing hub in Oklahoma, a closely-watched metric that helps determine WTI prices. “With the global market pricing to pull crude out of the U.S., this loss of U.S. supplies will exacerbate the current global deficit, making the increase in OPEC production all the more required,” Goldman Sachs analysts wrote.