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Canadian Crude Price Spike Won’t Last

OilPrice.com Thursday, 13 December 2018
Earlier this week Bloomberg reported that Canadian heavy crude prices had soared so high after the institution of a production cut in Alberta that some producers were already finding it difficult to sell their crude to Gulf Coast refiners as the gap with WTI narrowed significantly. In fact, Bloomberg’s Robert Tuttle said, quoting traders, Canadian crude had hit US$41 a barrel, about US$10 less than WTI. The latest price chart for Western Canadian Select, however, suggests that the spike is not across all Canadian heavy grades. As of December…
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