Crude oil prices snapped back, yesterday, on infrastructure issues within the industry. Various elements affect energy prices, and sometimes they are high-level economic impacts, currency influences, and geopolitics. Lately and for the first time in a long while, infrastructure issues or real fundamentals have been the predominant focus. The impact of the sizeable growth of rail shipments of crude oil out of the Midwest and pipeline flows have to be closely monitored, not to mention the ebbs and flows of North Sea oil fields.
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