financetom
World
financetom
/
World
/
CANADA-CRUDE-Heavy oil discount widens
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
CANADA-CRUDE-Heavy oil discount widens
Jun 11, 2024 5:18 PM

June 11 (Reuters) - The discount on Western Canada

Select (WCS) heavy crude versus the North American benchmark

West Texas Intermediate (WTI) widened on Tuesday:

* WCS for July delivery in Hardisty, Alberta, traded at

$13.25 a barrel below WTI, according to brokerage CalRock,

having settled at $12.85 a barrel under the benchmark on Monday.

* There was some speculation in the market that the widening

could be due to the 890,000 barrel-per-day Trans Mountain

pipeline expansion not shipping as much crude as anticipated,

one Calgary-based broker said.

* The expanded Trans Mountain pipeline started commercial

operations at the start of last month.

* Global oil prices settled slightly higher as the U.S.

Energy Information Administration (EIA) raised its global oil

demand growth forecast for the year, while OPEC stuck to its

forecast for relatively strong growth in 2024.

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 >
GLOBAL MARKETS-World stocks at record high after cautious ECB rate cut
GLOBAL MARKETS-World stocks at record high after cautious ECB rate cut
Jun 6, 2024
(Adds quote, updates prices) * ECB cuts euro zone rates for first time since 2019 * World stocks hit record high * Nvidia ( NVDA ) overtakes Apple as world's second most valuable firm * Graphic: World FX rates http://tmsnrt.rs/2egbfVh By Marc Jones and Koh Gui Qing NEW YORK/LONDON, June 6 (Reuters) - World stocks hit an all-time high and...
Euro zone bond yields rise as ECB offers fuzzy outlook
Euro zone bond yields rise as ECB offers fuzzy outlook
Jun 6, 2024
(Refreshes prices at 1512 GMT) By Stefano Rebaudo and Samuel Indyk June 6 (Reuters) - Euro zone government bond yields rose on Thursday after the European Central Bank cut borrowing costs from a record high, but kept the timing of the next move under wraps. Analysts have believed for weeks that a rate cut this month was a done deal,...
Tech Firms Lead European Equities Traded in the US as American Depositary Receipts Higher in Thursday Trading
Tech Firms Lead European Equities Traded in the US as American Depositary Receipts Higher in Thursday Trading
Jun 6, 2024
11:07 AM EDT, 06/06/2024 (MT Newswires) -- Tech firms were leading European equities traded in the US as American depositary receipts moderately higher late Thursday morning, rising 0.50% to 1,448.39 on the S&P Europe Select ADR Index. From continental Europe, the gainers were led by semiconductor company Sequans Communications ( SQNS ) and software firm SAP (SAP), which rose 4.3%...
Asian Equities Traded in the US as American Depositary Receipts Are Little Changed in Thursday Trading
Asian Equities Traded in the US as American Depositary Receipts Are Little Changed in Thursday Trading
Jun 6, 2024
10:35 AM EDT, 06/06/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were little changed Thursday morning, up less than 0.1% to 1,947.48 on the S&P Asia 50 ADR Index. From North Asia, the gainers were led by automotive ecommerce platforms Cango ( CANG ) and TuanChe ( TC ) , which rose 5.8% and...
Copyright 2023-2025 - www.financetom.com All Rights Reserved