Bakken Price Weakens After North Dakota Output Climbs to Record
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Bakken crude on the spot market weakened against West Texas Intermediate as North Dakota production from the state’s portion of the field increased to a record in May.
North Dakota’s Bakken field produced 745,399 barrels of crude a day, according to preliminary data from the state’s Industrial Commission. That’s up 2.4 percent from April and 29 percent from May 2012. Statewide production increased by 2.1 percent to 810,129 barrels a day.