Canada crude-Husky upgrader fire lifts synthetic spreads

Feb. 08, 2011 05:25PM PST

Reuters reports that the premium on Canadian synthetic crude widened on Monday on word that Husky Energy Inc’s (TSE:HSE) heavy oil upgrader was running at cut rates.

Reuters reports that the premium on Canadian synthetic crude widened on Monday on word that Husky Energy Inc’s (TSX:HSE) heavy oil upgrader was running at cut rates.

The market news is quoted as saying:

Synthetic light oil for March delivery was discussed at about $4.60 a barrel above benchmark West Texas Intermediate, then rose to at least $4.90 a bbl above WTI after word of the upgrader situation spread.

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