Bakken Weakens Against WTI Crude on North Dakota Output

Bakken crude weakened against West Texas Intermediate for the first time in a week as North Dakota reported record output from its portion of the shale formation.

Bakken oil priced in Clearbrook, Minnesota, weakened by 50 cents to a discount of $9.50 a barrel to WTI at 2:04 p.m., according to data compiled by Bloomberg. Production from North Dakota increased by about 9,000 barrels a day to 941,637 in October, according to the state’s Industrial Commission.