Western Canada Select Oil Dropped to $49.69

Bloomberg reported that Western Canada Select oil dropped to $49.69 a barrel.

As quoted in the market news:

The price for Western Canada Select dropped $3.52 a barrel, or 6.6 percent, to $49.69 a barrel at 4:23 p.m. in New York, according to data compiled by Bloomberg. The grade last traded below $50 a barrel Sept. 17, 2010. The oil’s discount to West Texas Intermediate widened $1 to $28 a barrel.

Click here to read the full Bloomberg report.