How Much is a Barrel of Oil?

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That depends on where the oil is.  Currently, Brent crude is trading at approximately $80/bbl.  U.S. benchmark crude futures, priced at Cushing, OK, are trading about $10/bbl. below Brent, and cash prices in the prolific Permian Basin are even lower.  However, the “prize?” goes to Canada, where Western Canada Select crude cash prices are currently … Continued