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

To contact the editor responsible for this story: Dan Stets at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.