Supply, demand issues strengthen West Texas Sour prices Jan. 16, 2021 FacebookTwitterEmail In a lesson in basic economics, competition for a commodity that has limited availability is driving up the price of that commodity. In this case, the price of West Texas Sour has exceeded that of West Texas Intermediate several times over the last two weeks. After well shut-ins last spring and summer amid crashing oil prices, marketers are again buying West Texas Sour, said Jesse Mercer, senior director of crude market analysis at Enverus. Refiners like the Big Spring Refinery, which buys local crudes ...