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Bakken Gains With Wisconsin Refinery Unit Restart

Bakken crude strengthened against domestic benchmark West Texas Intermediate after a Wisconsin refinery that consumes the North Dakota oil restarted a unit.

Bakken oil delivered in Clearbrook, Minnesota, rose 50 cents a barrel to a $9 discount to WTI at 2:07 p.m. in New York, according to data compiled by Bloomberg.

North Dakota’s Bakken is a key feedstock at the Calumet Specialty Products Partners LP (CLMT) refinery in Superior, Wisconsin, which shut a unit on Dec. 7, and was operating normally today, said Jennifer Straumins, president of Calumet, by e-mail today.

Crudes on the Gulf Coast were mixed against WTI. Light Louisiana Sweet fell 10 cents a barrel against WTI to a premium of $4.50. Heavy Louisiana Sweet gained 10 cents a barrel to a premium of $5.25.

The premium for Thunder Horse was unchanged at $2.25 a barrel. Mars Blend’s discount narrowed 10 cents to a discount of 65 cents a barrel.

West Texas Sour fell 50 cents to a discount of $4. WTI in Midland, Texas, widened its discount to the oil in Cushing, Oklahoma, by 30 cents to $3.60.

To contact the reporter on this story: Eliot Caroom in New York at ecaroom@bloomberg.net

To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net

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