wcs price surges todayCourtesy sculpin2 from IV group
Maybe this was one of the reasons wcs crashed recently? a verification procedure, never would have guessed that one.
WCS Surges as Enbridge Said to Scrap Mainline Verification Rules 2018-06-04 17:23:57.768 GMT By Robert Tuttle, Sheela Tobben and Catherine Ngai (Bloomberg) -- Western Canadian Select’s discount to WTI narrowed $11.50 to $14.50/bbl at 10:58 a.m. Calgary time, a record move should prices end the day at this level, data compiled by Bloomberg show. * Enbridge notified its shippers Monday that it won’t implement a recently announced supply-verification procedure for July shipments on Mainline crude system after customer discussions, according to a person familiar with the matter * Absolute price of WCS rose $10.57 to $50.38/bbl