07DEC2017 - NEWS - Houston: New pricing home for crude oil in US

Since long Houston is considered as the energy capital of US and the city is becoming the benchmark for the international pricing of the crude oil generated by the US. For decades Cushing Oklahoma, about 50 miles west of Tulsa is the US home for crude oil pricing for trading on futures contracts. According to one of the Senior North American crude markets analysts the pricing in Houston is going to be more closely associated with selling into export markets. Currently the crude pricing in Houston is around $5.00 a barrel higher than Cushing.