Crude Oil prices reacting to the Middle East, North African unrest

Michael Giberson What’s up with crude oil prices? A few updates from around the web: FuelFix.com: Oil Prices 101: Why is our crude so expensive? Financial Times EnergySource: “Either the Saudis step in or oil prices are going to the moon (and other predictions)“ Reuters: “NYMEX-US crude hits $103 on Libyan worries, eyes data“ Associated… More Crude Oil prices reacting to the Middle East, North African unrest

More on Cushing and the WTI-Brent crude oil price spread

Michael Giberson James Hamilton explains a bit more about market conditions driving the split between two benchmark crude oil prices, West Texas Intermediate and Brent.  See “Brent-WTI spread” at EconBrowser. Hamilton directs his reader to additional detail in a post by Gail the Actuary at the Oil Drum (originally posted as “Why are WTI and Brent… More More on Cushing and the WTI-Brent crude oil price spread