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Wednesday, 03/14/2012 12:34:40 PM

Wednesday, March 14, 2012 12:34:40 PM

Post# of 132366
"For years, prices for West Texas Intermediate and North Sea Brent moved closely, but now WTI sells for $20 less than its North Sea counterpart. This indicates that the U.S. market is becoming somewhat separate and less determined by global conditions, and more domestic production and increased access to Canadian oil would lower U.S. oil prices — more drilling in the Gulf and elsewhere in North America, and the Keystone pipeline would significantly lower gas prices."

http://www.cnbc.com/id/46718838