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    market news

    Canadian Heavy Oil Discount Lowers on Pipeline Capacity

    Investing News Network
    Dec. 20, 2011 03:05PM PST
    Oil and Gas Investing

    Bloomberg reported that the discount for Canadian heavy oil is down because pipelines have reached full capacity.

    Bloomberg reported that the discount for Canadian heavy oil is down because pipelines have reached full capacity.

    As quoted in the market news:

    The discount for Western Canada Select versus West Texas Intermediate oil was unchanged at $15.75 a barrel at 3:49 p.m. in New York, according to data compiled by Bloomberg. WCS was $16.25 below the benchmark Dec. 14, the largest gap since August.

    Click here to read the full Bloomberg report.

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