financetom
World
financetom
/
World
/
CANADA-CRUDE-Heavy oil discount narrows further on wildfire risk
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
CANADA-CRUDE-Heavy oil discount narrows further on wildfire risk
Jul 5, 2024 2:22 PM

July 5 (Reuters) - The discount on Western Canada Select

(WCS) heavy crude versus the North American benchmark West Texas

Intermediate (WTI) tightened for a second consecutive day on

Friday:

* WCS for August delivery in Hardisty, Alberta, settled at

$13.75 a barrel below WTI, according to brokerage CalRock,

having closed at $14.60 a barrel below WTI on Thursday.

* An out-of-control wildfire in the northern Alberta oil

sands region is threatening production, with very hot weather

forecast to continue over the next week.

* Suncor Energy ( SU ) has temporarily curtailed some

production at its 215,000 barrel-per-day (bpd) Firebag oil sands

site in northern Alberta as a precaution due to a nearby

wildfire.

* Global oil prices settled lower as the rising possibility

of a ceasefire deal in Gaza outweighed strong summer fuel demand

and potential supply disruptions from Gulf of Mexico hurricanes.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
GLOBAL MARKETS-Stocks slide amid global cyber outage, dollar set for weekly gain
GLOBAL MARKETS-Stocks slide amid global cyber outage, dollar set for weekly gain
Jul 19, 2024
* US stocks follow global peers lower, megacaps mixed * Global cyber outage and disruption weigh on mood * Dollar set for weekly gain (Updates at 11:20 a.m. EDT) By Isla Binnie NEW YORK, July 19 (Reuters) - World stock indexes fell on Friday as a global cyber outage rattled investors, while the dollar climbed and was on track to...
FOREX-Dollar climbs for the week, cyber outage unsettles investors
FOREX-Dollar climbs for the week, cyber outage unsettles investors
Jul 19, 2024
(Updated at 3:01 p.m. ET/1901 GMT) By Chuck Mikolajczak NEW YORK, July 19 (Reuters) - The dollar climbed on Friday and was set to snap a two-week streak of declines as a worldwide cyber outage that affected banks, airlines and broadcasters unnerved investors, although volatility in the currency markets was largely contained. A software update by global cybersecurity firm CrowdStrike...
European Equities Close Lower Friday; Inflation Expectations Unchanged in ECB Survey
European Equities Close Lower Friday; Inflation Expectations Unchanged in ECB Survey
Jul 19, 2024
12:15 PM EDT, 07/19/2024 (MT Newswires) -- European stock markets closed lower Friday as the Stoxx Europe 600 fell 0.85%, the Swiss Market Index declined 0.61%, France's CAC dropped 0.84%, the FTSE in London lost 0.73%, and Germany's DAX slid 1.03%. Expectations for euro area headline inflation were unchanged at 2.4% in 2024 and 2% in 2025, according to the...
Euro zone bond yields rise, questions hang over ECB policy meeting
Euro zone bond yields rise, questions hang over ECB policy meeting
Jul 19, 2024
(Updates yields at 1504 GMT) By Stefano Rebaudo July 19 (Reuters) - German Bund yields rose on Friday but headed for a second weekly decline, as economic data and the European Central Bank's policy meeting supported expectations for a rate cut in September. The ECB left rates unchanged on Thursday and did not provide any guidance for the future, with...
Copyright 2023-2025 - www.financetom.com All Rights Reserved