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Oct 31, 2024The discount on Canadian heavy crude is the most stable it has been in more than two years as the startup of the expanded Trans Mountain pipeline gives the country’s oil producers new shipping options and a broader pool of buyers.
Western Canadian Select’s discount to US benchmark West Texas Intermediate has changed an average of less than 10 cents a barrel per day for each month from July onward, according to General Index prices. That’s the longest period of such stability since the first four months of 2022.