Canada crude-Prices slip on refinery work

Mon May 6, 2013 5:28pm EDT
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* June WCS last seen at $24.25/bbl under WTI

* June synthetic at $0.80/bbl discount to WTI

CALGARY, Alberta May 6 (Reuters) - Canadian oil prices fell on Monday as a result of planned and unplanned refinery maintenance and the prospect of abundant supply.

Western Canada Select heavy blend for June delivery last traded at $24.25 per barrel below the West Texas Intermediate benchmark, according to Shorcan Energy Brokers.

That compares with a settlement price on Friday of $21.65 per barrel under WTI.

Light synthetic crude from the oil sands last traded at a discount of $0.80 per barrel under WTI, down from a settlement price on Friday of $3.00 per barrel over the benchmark.

Suncor Energy Inc's 140,000 barrel per day refinery in Edmonton, Alberta, was in full shutdown.

The company had expected to continue producing gasoline during a planned maintenance turnaround but the discovery of corrosion in a line leading to a flare forced the closure of the gasoline unit for repairs.

A trader also cited planned maintenance at Flint Hill Resources' 320,000 bpd Pine Bend refinery in Minnesota and a major turnaround at Exxon Mobil Corp's 238,600 bpd plant in Joliet, Illinois, as factors weighing on demand.   Continued...