Suncor fire may pop US oil glut

A cut in Canadian crude shipments to the US Mid-west, caused in part by a fire-related outage at a Canadian crude upgrader this week, may help to ease high regional crude stock levels and boost front-month US crude futures, traders said today.

Fewer barrels: Suncor outage could help ease burgeoning storage in US.
Fewer barrels: Suncor outage could help ease burgeoning storage in US.
Published 17 December 2009, 23:43Updated 10 October 2016, 11:13
Americas