WCS differential Any insight to the WCS sell off and the expanding differential? I get that high natural gas costs make refineries want WTI due to lower processing costs but wow....how are the equities holding up against the oil sell off/correction? I am happy that we are not getting beat down since equities were not really participating with the oil price increases past $73-$75. Almost seems like we are caught in a technical sell off based on market mechanics plus geopolitical noise like Iran/WH strategic reserve releases versus fundamentals.
Any thoughts are appreciated