TSX:CVE - Post Discussion
Post by
andy604 on May 05, 2024 12:42pm
Heavy oil discount narrows slightly
WCS for May delivery in Hardisty, Alberta, traded at $11.75 a barrel below WTI, according to brokerage CalRock, after closing at $11.90 a barrel below the benchmark on Thursday.
Canadian heavy crude has traded at a discount of less than $12 a barrel to WTI since the start of this month’s trade cycle on Wednesday, when the 590,000 barrel per day Trans Mountain pipeline expansion (TMX) also started commercial operations.
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