financetom
World
financetom
/
World
/
CANADA-CRUDE-Heavy oil differential stays around $12 after Trans Mountain sets startup date
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
CANADA-CRUDE-Heavy oil differential stays around $12 after Trans Mountain sets startup date
Apr 4, 2024 2:59 PM

April 4 (Reuters) - The differential of Western Canada

Select (WCS) heavy crude versus the North American benchmark

West Texas Intermediate (WTI) traded in the $12 range on

Thursday, little changed from the previous session.

* WCS for May delivery in Hardisty, Alberta traded between

$12.40 and $12.60 below WTI, according to brokerage CalRock. On

Wednesday, May WCS ended the day at $12.55 below WTI.

* Trans Mountain said its expanded oil pipeline

would start operating on May 1.

* The project's progress has been the dominant factor in WCS

trading this month with the differential narrowing as the

pipeline moves closer to opening.

* Trans Mountain's startup date surprised analysts who were

expecting a later start during the second quarter.

* An industry source said there is skepticism about Trans

Mountain meeting its schedule.

* Global oil futures extended gains, settling up more than

$1 on Thursday, as geopolitical tensions and output cuts

outweighed caution about U.S. Federal Reserve rate cuts.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
European Equities Close Mostly Lower in Wednesday Trading; EC Mulls Social Media Restrictions
European Equities Close Mostly Lower in Wednesday Trading; EC Mulls Social Media Restrictions
Sep 10, 2025
12:00 PM EDT, 09/10/2025 (MT Newswires) -- European stock markets closed mostly lower in Wednesday trading as the Stoxx Europe 600 was off 0.02%, Germany's DAX was down 0.36%, the FTSE 100 fell 0.19%, the Swiss Market Index declined 0.52%, while France's CAC gained 0.15% The European Commission will consider possible restrictions on social media for children under 16 years...
Asian Equities Traded in the US as American Depositary Receipts Rise in Wednesday Trading
Asian Equities Traded in the US as American Depositary Receipts Rise in Wednesday Trading
Sep 10, 2025
10:37 AM EDT, 09/10/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were tracking higher Wednesday morning, rising 0.9% to 2,611.4 on the S&P Asia 50 ADR Index. From North Asia, the gainers were led by automotive marketplace Token Cat ( TC ) and brand platform 36Kr (KRKR), which rose 12% and 8.5%, respectively. They...
S&P 500, Nasdaq Touch Record Highs Following Drop in Producer Price Inflation
S&P 500, Nasdaq Touch Record Highs Following Drop in Producer Price Inflation
Sep 10, 2025
01:13 PM EDT, 09/10/2025 (MT Newswires) -- US equity indexes were mixed in midday trading on Wednesday as the Dow Jones Industrial Average lagged its peers after a surprise drop in the wholesale price inflation rate helped send technology shares sharply higher. The Nasdaq Composite was up 0.2% to 21,930.4, after scaling a new peak of 22,000.97. The S&P 500...
European Equities Traded in the US as American Depositary Receipts Little Changed in Wednesday Trading
European Equities Traded in the US as American Depositary Receipts Little Changed in Wednesday Trading
Sep 10, 2025
11:07 AM EDT, 09/10/2025 (MT Newswires) -- European equities traded in the US as American depositary receipts edged lower late Wednesday morning, declining 0.1% to 1,530.89 on the S&P Europe Select ADR Index. From continental Europe, the gainers were led by biopharmaceutical company Cellectis ( CLLS ) and semiconductor company Sequans Communications ( SQNS ) , which rose 6.1% and...
Copyright 2023-2026 - www.financetom.com All Rights Reserved