Bakken Crude Weakens to 15-Month Low as Canadian Output Rises
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Bakken crude weakened relative to U.S. benchmark prices to the lowest level in more than 15 months as Canadian light oil production increased while Midwest refineries reduced runs.
Bakken crude priced in Clearbrook, Minnesota, weakened by 50 cents to a discount of $10.50 a barrel at 2 p.m. New York time, according to data compiled by Bloomberg. It’s the lowest level since June 29, 2012. Bakken is a light, sweet crude produced from the eponymous shale field in North Dakota.