Pipeline Woes Cause Key Canadian Spot Crude Prices to Weaken

摘要

The closure of a broken crude oil pipeline in Michigan has led to a weakening of spot prices for two key Canadian crude grades in recent weeks. Prices for Western Canadian Select (WCS) and Syncrude — both produced in Alberta’s oil sands region — have come under pres- sure since Enbridge was forced to close its Line 6B pipeline which sprang a leak and spilled crude into a creek on Jul. 26.