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1. • • A barrel of the North American oil benchmark is changing hands for about $90 US a barrel right now, but the heavy crude that comes from Canada's oilsands is fetching $30 less because of a perfect storm of imbalances between supply and demand. The oil blend known as West Texas Intermediate (WTI) was going for about $87 a barrel on Thursday.
     Reference:

     Price gap on heavy Canadian oil tops $30 per barrel, widest ...

2. People also ask

   Why is Canadian crude oil so expensive?

   • High natural gas prices make refining heavy and high sulfur crude oil more expensive, according to Vortexa data. At the same time, Canadian crude on the coast is exposed to discounted Russian barrels. India has cut its imports of Canadian oil by almost half since May as the country takes more Russian crude.

   Canadian Oil Prices Collapse Even Amid Pipeline Abundance

   www.bnnbloomberg.ca/canadian-oil-prices-collapse-even-amid-pipeline-abundance-1.1831761

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   Why is oil price important for Canadian investors?

   • Oil price is significant for Canadian investors. Some investors use Canadian ETFs to speculate on oil prices. For example, HUC-Horizons Crude Oil ETF replicates the crude oil price performance. More importantly, a substantial portion of the S&P/TSX Composite index is composed of Canadian oil stocks.

   Canadian Oil Price (Western Canadian Select) | WOWA.ca

   wowa.ca/oil-price-Canada

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   What happened to Canadian Cold Lake crude?

   • Canadian Cold Lake crude on the Gulf Coast traded at a record discount to WTI of $23 a barrel early on Wednesday before strengthening in the afternoon to $20.25 a barrel. The discount reached $25 a barrel at Cushing, Oklahoma, before rebounding to a $21.75 a barrel, according to Link Data Services.

   Canadian Oil Prices Collapse Even Amid Pipeline Abundance

   www.bnnbloomberg.ca/canadian-oil-prices-collapse-even-amid-pipeline-abundance-1.1831761

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   Will oil demand increase in 2021?

   • Oil demand is set to increase by an average of almost 4 million barrels a day in 2021 vs. a low, pandemic-driven 2020 level. , Bloomberg (Bloomberg) -- Canadian heavy crude prices plunged to their biggest discount to futures since 2018 and, this time, the collapse has little to do with a shortage of pipelines.

   Canadian Oil Prices Collapse Even Amid Pipeline Abundance

   www.bnnbloomberg.ca/canadian-oil-prices-collapse-even-amid-pipeline-abundance-1.1831761

   See all results for this question

   Why is crude oil so expensive?

   • With less Midwest demand, more oil is shipped south toward the US Gulf Coast where new problems emerge. High natural gas prices make refining heavy and high sulfur crude oil more expensive, according to Vortexa data. At the same time, Canadian crude on the coast is exposed to discounted Russian barrels.

   Canadian Oil Prices Collapse Even Amid Pipeline Abundance

   www.bnnbloomberg.ca/canadian-oil-prices-collapse-even-amid-pipeline-abundance-1.1831761

   See all results for this question

   What is North America's most famous crude oil benchmark?

   • North America's most famous crude oil benchmark is West Texas Intermediate (WTI). WTI is a light sweet crude delivered to Cushing, Oklahoma. WTI serves as a benchmark for oil prices in the US because many tank farms surround the tiny town of Cushing, and it is an oil pipeline hub.

   Canadian Oil Price (Western Canadian Select) | WOWA.ca

   wowa.ca/oil-price-Canada

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3. www.bnnbloomberg.ca › oilOil - BNN Bloomberg

   www.bnnbloomberg.ca › oil

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   Oil prices saw further gains this week as tensions in the Middle East escalated, propelling WTI crude to around US$87 a barrel, while the global benchmark, Brent, approached US$91, nearing its highest level since October.

   • Oil price news: Brent crude hits US$90 a barrel as Middle ...

     Brent crude climbed above US$90 a barrel for the first time...

   • Canadian Oil Prices Collapse Even Amid ... - BNN Bloomberg

     Canadian Cold Lake crude on the Gulf Coast traded at a...

4. www.bloomberg.com › energyEnergy - Bloomberg

   www.bloomberg.com › energy

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   Get updated data about energy and oil prices. Find natural gas, emissions, and crude oil price changes.

5. www.bloomberg.com › news › articlesLatest Oil Market News and Analysis for June 26 - Bloomberg

   www.bloomberg.com › news › articles

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   3 days ago · 1:12. Oil held a decline after an industry report signaled a small build in US crude inventories ahead of official data. West Texas Intermediate traded below $81 a barrel after dropping 1% on ...

6. www.bloomberg.com › news › articlesLatest Oil Prices, Market News and Analysis for June 17 ...

   www.bloomberg.com › news › articles

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   Jun 16, 2024 · Oil Rises Above $80 a Barrel as Equities Climb in Risk-On Rally. WTI advance accelerates after prices top key technical level; China retail data beats estimates, industrial figures miss

7. www.bnnbloomberg.ca › oil-price-news-brent-crudeOil price news: Brent crude hits US$90 a barrel as Middle ...

   www.bnnbloomberg.ca › oil-price-news-brent-crude

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   Apr 4, 2024 · Brent crude climbed above US$90 a barrel for the first time since October as the conflict in the Middle East showed signs of escalating.

8. www.bnnbloomberg.ca › canadian-oil-prices-collapseCanadian Oil Prices Collapse Even Amid ... - BNN Bloomberg

   www.bnnbloomberg.ca › canadian-oil-prices-collapse

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   Oct 12, 2022 · Canadian Cold Lake crude on the Gulf Coast traded at a record discount to WTI of $23 a barrel early on Wednesday before strengthening in the afternoon to $20.25 a barrel. The discount reached $25 a barrel at Cushing, Oklahoma, before rebounding to a $21.75 a barrel, according to Link Data Services.

9. wowa.ca › oil-price-CanadaCanadian Oil Price (Western Canadian Select) | WOWA.ca

   wowa.ca › oil-price-Canada

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   This page introduces the oil price indices West Texas Intermediate (WTI) and Western Canadian Select (WCS). These are both important oil price benchmarks.