Sections

Weather Forecast

Close

Dunn County oil well blowout taints Badlands, but damage limited

Advertisement

Bakken crude unchanged following Casselton incident

Email Sign up for Breaking News Alerts
Energy Dickinson,North Dakota 58602 http://www.thedickinsonpress.com/sites/all/themes/thedickinsonpress_theme/images/social_default_image.png
The Dickinson Press
(701) 225-4205 customer support
Bakken crude unchanged following Casselton incident
Dickinson North Dakota 1815 1st Street West 58602

NEW YORK - Bakken crude was unchanged in a quiet market on Tuesday, a day after a BNSF train carrying oil collided with another carrying grains in North Dakota, setting off a series of explosions and a fire.

Advertisement
Advertisement
0 Talk about it

Bakken oil for February delivery at Clearbrook, Minn., was pegged flat at a $9.50 a barrel discount to the U.S. front-month futures contract, one trader said.

A few train cars were still burning about a mile west of Casselton, North Dakota, on Tuesday afternoon, more than 24 hours after the collision.

The accident stoked concerns about the safety of oil-by-rail shipments in a state where oil companies rely on railroads to get two-thirds of their production to market.

The North Dakota oil and gas regulator expects companies to use alternative routes to ship oil to market and does not anticipate any short-term impacts on production, it said in a statement Tuesday.

Advertisement
Advertisement
Advertisement
randomness