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Mexico feels heat of Canadian crude

Wednesday, January 14, 2015

Heavy Canadian crude sold at the smallest discount to Mexican Maya in four years as new pipeline and rail capacity allowed record volumes to flow south and compete with imports shipped in from the Gulf of Mexico.

Western Canadian Select traded at $33.29 a barrel today, a $4.61 a barrel discount to the similar Mexican crude.

Maya for the U.S. traded at $37.90 a barrel on Wednesday, down 52 percent in three months.

Source: Bloomberg