financetom
World
financetom
/
World
/
CANADA-CRUDE-Heavy oil discount narrows
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
CANADA-CRUDE-Heavy oil discount narrows
Aug 12, 2024 4:30 PM

Aug 12 (Reuters) - The discount on Western Canada Select

(WCS) heavy crude versus the North American benchmark West Texas

Intermediate (WTI) narrowed slightly on Monday:

* WCS for September delivery in Hardisty, Alberta, settled

at $12.80 a barrel below WTI, according to brokerage CalRock,

having settled at $13.20 a barrel under the U.S. benchmark on

Friday.

* Canadian heavy crude differentials have gained support

this month from some U.S. Midwest refineries restarted

operations after unplanned shut-downs in July.

* Exxon Mobil ( XOM ) restarted select units at its 251,800

barrel-per-day refinery in Joliet, Illinois, three weeks after

it lost power following a storm, the company said last week.

* However, Exxon reported a unit upset at Joliet on Saturday

and Sunday, according to Illinois Emergency Management Agency

* Imperial Oil ( IMO ) said its Sarnia site reported the

beginning of maintenance work on process equipment, according to

a community alert

* Global oil price jumped by more than 3%, rising for a

fifth consecutive session on expectations of a widening Middle

Eastern conflict that could tighten global crude oil supplies

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 >
Asian Equities Traded in the US as American Depositary Receipts Lower in Friday Trading, Down Over 3% for Week
Asian Equities Traded in the US as American Depositary Receipts Lower in Friday Trading, Down Over 3% for Week
Nov 15, 2024
10:55 AM EST, 11/15/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts continued their downward trajectory Friday morning, declining 0.62% to 2,015.62 on the S&P Asia 50 ADR Index, which is down more than 3% for the week. From North Asia, the gainers were led by media company Phoenix New Media ( FENG ) and...
FOREX-Dollar set for strong weekly rise as markets anticipate fewer rate cuts
FOREX-Dollar set for strong weekly rise as markets anticipate fewer rate cuts
Nov 15, 2024
* Dollar heads for strongest week since September * Pound sags after data shows UK economy slowed * Trump plans on taxes, tariffs hit trade partner currencies (Updates prices throughout, recasts headline, first paragraph, adds new analyst comment) By Chibuike Oguh and Amanda Cooper NEW YORK/LONDON, Nov 15 (Reuters) - The U.S. dollar was set for its biggest weekly gain...
European Equities Traded in the US as American Depositary Drop in Friday Trading, Down 2.8% for Week
European Equities Traded in the US as American Depositary Drop in Friday Trading, Down 2.8% for Week
Nov 15, 2024
11:09 AM EST, 11/15/2024 (MT Newswires) -- European equities traded in the US as American depositary receipts were moving lower late Friday morning, declining 0.85% to 1,302.64 on the S&P Europe Select ADR Index, which is down about 2.8% for the week. From continental Europe, the gainers were led by financial services company Banco Bilbao Vizcaya Argentaria ( BBVA )...
CANADA FX DEBT-Canadian dollar extends weekly decline on wider yield spreads
CANADA FX DEBT-Canadian dollar extends weekly decline on wider yield spreads
Nov 15, 2024
* Canadian dollar falls 0.1% against the greenback * Touches its weakest since May 2020 at 1.4105 * Factory sales decrease 0.5% in September * Bond yields ease across the curve By Fergal Smith TORONTO, Nov 15 (Reuters) - The Canadian dollar weakened to a 4-1/2 year low against its U.S. counterpart on Friday as oil prices fell and a...
Copyright 2023-2025 - www.financetom.com All Rights Reserved