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ECA - Canadian crude hits record low vs. U.S. amid pipeline bottlenecks
Encana Corporation
Canadian crude oil has plunged to a record low relative to U.S. crude, with Western Canada Select’s discount to U.S. crude sinking to US$43.25/bbl, hurt by reduced capacity at U.S. refineries and higher production from big new oil sands projects that has overwhelmed Canada’s pipeline system.
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