Production in the Permian is at an all-time high, but its prices per barrel are a different story.

Spot prices at the Permian’s main hub in Midland, Texas, are trending among three-year lows. Its differential on August 25, 2014, was roughly $8 below the West Texas Intermediate (WTI) price and approximately $17 below the Brent spot price. The growing differential between the two chief spot prices has widened in the midst of growing supply in the United States and political unrest overseas.

Source: EIA

Brent dipped below the $100 per barrel th...

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