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Oil prices: Heavy discounts to Canada's heavy crude benchmark

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Report summary

WCS the heavy Canadian crude benchmark reached US$ 24.60 per barrel on August 11th the lowest levels since 2008. The WTI WCS differential widened from US$ 7 8 / bbl in June to over US$ 18 / bbl in early August. This reversal in fortunes was caysed vt a trifecta of factors impacting supply demand and transportation of the crude.

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    Oil prices: Heavy discounts to Canada's heavy crude benchmark

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  • The price of WCS has declined significantly
  • From 5-year lows to record highs

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