Canadian synthetic and Bakken crude rise on Line 9 approval

Published 2015-10-01, 12:19 p/m
© Reuters.  Canadian synthetic and Bakken crude rise on Line 9 approval
ENB
-

CALGARY, Alberta, Oct 1 (Reuters) - Canadian light synthetic
crude and North Dakota Bakken crude for November delivery
strengthened on Thursday after Enbridge Inc ENB.TO received
approval from regulators to open its Line 9 crude pipeline.
Line 9 will ship 300,000 barrels per day of mostly light
inland crude to Montreal, Quebec.
Enbridge has not yet said when the pipeline will start
operating but traders said there was demand for light crude in
anticipation of the line being filled in the next month or so.
Light synthetic crude from the oil sands last traded at
$1.00 per barrel above the West Texas Intermediate benchmark,
according to Shorcan Energy brokers, up from 10 cents per barrel
below the benchmark on Wednesday.
Bakken crude delivered to Clearbrook, Minnesota, traded at
70 cents per barrel below WTI, up $1.00 from the previous day.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.