Post by
qwqw on Jul 13, 2012 2:31pm
Heavy Oil Price
Western Canada Select heavy oil price YTD has fluctuated from a high of $89 bbl to a low of $49 (about a month back) and has averaged $74 bbl.Luckily the price has recovered a bit from the $49 low to close at $67 yesterday.Even NG is improving.Storage levels in the US were as much as 872 BCF higher in April of this year than last.That surplus has now to dropped to 548 BCF.Because of the record heat in The US, 100 BCF of that drop occured in the last 2 weeks alone.
Comment by
qwqw on Jul 18, 2012 9:44am
Western Canada Select heavy oil price has increased by $9 bbl in the last week to $76.