August 15, 2017 / 10:50 PM / in 4 months

Heavy grades steady, synthetic dips

CALGARY, Alberta (Reuters) - Canadian heavy crude differentials were unchanged on Tuesday as the crude market’s monthly trade cycle neared its close, while synthetic prices weakened slightly.

The Canadian crude market trading “window” lasts just over two weeks each month, from the first of the month until the day before pipeline nominations close.

Western Canada Select heavy blend crude for September delivery in Hardisty, Alberta, last traded at $9.80 per barrel below the West Texas Intermediate benchmark, according to Shorcan Energy brokers, unchanged from Monday’s settlement price.

Light synthetic crude from the oil sands for September delivery in Hardisty dipped to 80 cents per barrel over WTI, down from 90 cents per barrel over the benchmark the previous day.

Editing by Diane Craft

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