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Canadian heavy crude price gaps hit new records, Rory Johnston notes

Canadian heavy crude price gaps hit new records, Rory Johnston notes
Canadian crude price gaps reach record wide

Canadian heavy crude price differentials have reached their widest levels on record compared to WTI in Cushing, Houston, and on the West Coast of Canada. Rory Johnston said the primary Hardisty differential is now approaching its widest point since the 2018 blowout that led to provincial production curtailment.

Rory Johnston has recently highlighted other notable crude market movements. He observed a bearish divergence between the flat prompt Brent crude futures price and its corresponding timespread in a recent note. Johnston also reported that crude oil prices rebounded into positive territory after an earlier decline, with volatility expected to continue through the week, in another update.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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