WTI oil prices are back on the decline, due to the increasing prospects of a US debt default and continuing budget standoff. Prices appeared to be on this trajectory last week, as well, until news of the in-service of the southern leg of the Keystone pipeline hit the tape. Prices rebounded strongly, as more pressure on Cushing, OK. In case you missed it, the Cushing-to-the-Gulf portion could be operational by the beginning of November.
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