Inland Crude Prices Remain Weaker Than Cushing

April 21, 2020
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Spot crude oil prices in the Bakken and Rockies lag behind Cushing, Midland, and Houston.

The chart below shows various regional crude prices through April 21. 

Rockies and Bakken prices were the first to show extreme weakness during March 2020. Those two remain depressed versus Cushing.

Early 2020: Houston and Midland traded above Cushing, while interior U.S. crudes were at a small discount.
As prices came down, all non-Cushing prices weakened more.
Bakken and Guernsey (WY) spot prices remain weaker than those downstream.

The latest forward curves for these locations are always available on AEGIS Flow as part of our online hedge-management platform.

We continue to monitor oil, gas, NGLs, and regional markets for hedging opportunities. To learn more and see AEGIS opinion and recommendations, go to AEGIS View publications, or contact info@aegis-energy.com. Like what you see? Share this article with the button on the bottom right of your desktop. Market questions or comments? Contact us at view@aegis-energy.com

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NOTICE: The content of this report is provided for information purposes only and has been prepared to describe current trends in the commodities markets. This information does not constitute either investment or hedging advice and is intended only for AEGIS clients. If you are not the intended recipient of this report, then you may not disclose, print, copy or disseminate this information. Otherwise, if you have received this transmission in error, then please notify the sender and delete the report.

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