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Western Canada Select’s Discount to WTI Widened $2.90 a Barrel to $21
Jan. 11, 2012 03:29PM PST
Resource Investing
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.
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.