(Source: Bloomberg, November 16, 2018)
CALGARY — Canadian heavy crude prices rallied Friday as U.S. refinery demand rises and increased volumes are shipped by rail car. Heavy Western Canadian Select’s discount to West Texas Intermediate futures narrowed to $39.25/bbl, the smallest since late September, data compiled by Bloomberg show. The absolute price increased to $17.43/bbl, after dropping on Thursday to the lowest in Bloomberg data, stretching back a decade.
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