#Latest news with #CanadianSelectBloomberg02-04-2025BusinessBloombergCanadian Oil Patch Enters Trade War With Highest Prices in YearsCanada's oil patch is entering the trade war with the US backed by the strongest pricing for its crude in four years, giving it a cushion against any potential declines and threatening high costs for American refiners and drivers. Western Canadian Select ended Tuesday at $9.85 a barrel below West Texas Intermediate, the smallest discount since early April 2021, General Index prices compiled by Bloomberg show. Trump plans to announce tariffs on US trading partners later Wednesday and has already pledged a 10% duty on US imports of Canadian oil.
Bloomberg02-04-2025BusinessBloombergCanadian Oil Patch Enters Trade War With Highest Prices in YearsCanada's oil patch is entering the trade war with the US backed by the strongest pricing for its crude in four years, giving it a cushion against any potential declines and threatening high costs for American refiners and drivers. Western Canadian Select ended Tuesday at $9.85 a barrel below West Texas Intermediate, the smallest discount since early April 2021, General Index prices compiled by Bloomberg show. Trump plans to announce tariffs on US trading partners later Wednesday and has already pledged a 10% duty on US imports of Canadian oil.
02-04-2025
