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Canadian Heavy Crude Discounts Sold for $25 Under WTI
Jun. 07, 2012 08:19PM PST
Oil and Gas InvestingReuters reports that Canadian heavy crude discounts sold for $25 under WTI after Enbridge Inc (TSX:ENB) closed its 609,000 barrel-a-day Line 6A pipeline.
Reuters reports that Canadian heavy crude discounts sold for $25 under WTI after Enbridge Inc (TSX:ENB) closed its 609,000 barrel-a-day Line 6A pipeline.
As quoted in the market news:
Western Canada Select heavy blend for July last sold for $25 a barrel under benchmark West Texas Intermediate, up 25 cents from Wednesday but still historically wide for the time of year when asphalt demand normally picks up. Tight pipeline capacity has been a big factor in wide differentials this month.
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