Western Canada Select’s Discount to WTI Widened $2.90 a Barrel to $21

Bloomberg reported that Western Canada Select’s discount to WTI widened due to higher oil imports into the U.S. Midwest and lower product prices posing threat to cut refining margins.

As quoted in the market news:

The heavy grade sank 16 percent after producers such as Suncor Energy Inc. and Syncrude Canada Ltd. reported a rise in December production from the previous month.

Click here to read the full Bloomberg report.