Gulf Draw, Rockies Build: GERN-zee Takeaway Sets the Trade
Brent paper prices softened while physical crude remained tight amid Gulf supply and transit risks. A large U.S. crude draw came from the Gulf Coast, not the Rockies; meanwhile, constrained southbound takeaway and refinery maintenance are shaping Bakken and GERN-zee netbacks, with spot rail economics weak in both the Bakken and Uinta.
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