Saturday, November 30, 2024

Canadian Crude’s Discount to WTI Hits $40

Western Canadian Select’s discount widens to $40.75 a barrel From Bloomberg Canadian heavy crude’s discount to West Texas Intermediate futures increased to the widest in almost five years, raising the specter of local oil producers curtailing operations. Western Canadian Select’s discount for November fell $1.25 to $40.75 a barrel Tuesday, the biggest since November 2013, data compiled by Bloomberg show.

Treasuries Sell-Off Pushes 10-Year Yield to Highest Since 2011

Yield on 30-year bond also tops 2018 peak to four-year high From Bloomberg The yield on 10-year Treasuries rose to the highest level since 2011, eclipsing the previous 2018 peak set in May as economic data helped fuel optimism about the American economy. The rate on 30-year securities reached a four-year high and the dollar gained. Improved investor appetite for

‘New Nafta’ Drops Language Requiring Steady Canadian Oil Shipments to U.S. 

Article 605 seen as no longer necessary with output booming From Bloomberg With the U.S. gushing oil at record levels, America apparently no longer needs to preserve Canada as its emergency crude supplier. Missing in the North American trade pact unveiled Monday is a controversial provision from the old Nafta requiring Canada to provide a percentage of its energy exports to its