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Western Canadian Select (WCS) is a heavy sour blend of crude oil [1] that is one of North America's largest heavy crude oil streams [2] and, historically, its cheapest. [3] It was established in December 2004 as a new heavy oil stream by EnCana (now Cenovus), Canadian Natural Resources, Petro-Canada (now Suncor) and Talisman Energy (now Repsol Oil & Gas Canada). [4]
Crude oil markets have fallen during most of the week, only to turn around and find plenty of support.
Crude oil markets were back and forth during the course of the trading session on Wednesday as we are threatening the 200 Day EMA in both grades that I follow. Crude Oil Price Forecast – Crude ...
The crude oil markets have rallied a bit during the course of the trading session on Friday, to close out the week on the highs as momentum continues to pick up. Crude Oil Price Forecast – Crude ...
Crude oil markets have gotten slammed during the trading week to reach the bottom of the triangle, only to turn around and show signs of life as we are closing towards the top of the same triangle.
Edmonton Par and Western Canadian Select (WCS) "are benchmarks [sic] crude oils for the Canadian market. Both Edmonton Par and WCS are high-quality low sulphur crude oils with API gravity levels of around 40°. In contrast, WCS is a heavy crude oil with an API gravity level of 20.5°." [6]
The crude oil markets were all over the place during the trading session on Monday as hurricane Ida crashed into the shores of Louisiana. Crude Oil Price Forecast – Crude Oil Markets Whipsawed ...
On 8 March, the 2020 Russia–Saudi Arabia oil price war was launched, in which Saudi Arabia and Russia briefly flooded the market, also contributed to the decline in global oil prices. [99] Later on the same day, oil prices had decreased by 30%, representing the largest one-time drop since the 1991 Gulf War. [100] Oil traded at about $30 a ...