January 6, 2022 – BOE Report
Heavy crude differential edges narrower
Western Canada Select heavy blend crude for February delivery in Hardisty, Alberta, last traded at $12.10 per barrel below the WTI benchmark, according to NE2 Canada Inc, having settled at $12.15 per barrel below the U.S. crude benchmark on Tuesday.
That was the narrowest WCS differential since early October.
RBN Energy analyst Martin King said stronger demand from refiners in the U.S. Midwest was helping support prices, while cold weather in northern Alberta’s oil sands region had raised concerns there could be production outages.
Read the full article here: https://boereport.com/2022/01/06/heavy-crude-differential-edges-narrower-2/
