How Much is a Barrel of Oil?
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