TI oil prices have been surging, especially relative to Brent. WTI prices have tacked on another dollar in overnight trading, spiking above $98 to as high as $98.74. The Keystone pipeline situation continues to play a role with its daily announcements. There was thought to be a bit of a delay of its stated New Year’s start up, but that fact was obviated on word, yesterday, that it started “line-fill” of the pipeline. The economic news is also, generally, supportive. The latest data point was an increase in UK Industrial production…
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