Oil from the Bakken shale has increasingly become the preferred oil over West Texas Intermediate, or WTI, by refineries all over the world. And, because there is so much explosive growth in production in the Bakken and the midstream oil transport capacity can't keep up, the oil is selling at a premium. In this video, Motley Fool energy analyst Joel South talks about what this means for WTI, and why he thinks Bakken oil will soon be the U.S. standard.
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The article Bakken Oil vs. WTI Oil originally appeared on Fool.com.
Joel South, Taylor Muckerman, and The Motley Fool have no positions in the stocks mentioned above. Motley Fool newsletter services recommend Enterprise Products Partners and ONEOK. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.