Canada’s WCS drops to below $10/b, lowest outright price on record NYMEX WTI plunge slashes value of Canadian, Bakken crudes Canadian companies cut 2020 spending New York — The outright price of Western Canada’s benchmark heavy crude blend fell to the lowest level on record Wednesday, underscoring the struggle many of the country’s producers will face to survive in the coming weeks and months. Receive daily email alerts, subscriber notes & personalize your experience. Register Now S&P Global Platts assessed Western Canadian Select at Hardisty, Alberta, at a discount of $13/b to the WTI CMA, bringing the outright price to $9.38/b. That is the lowest value assessed by Platts in data going back to April 2006. It is also $4.62/b below the previous low of $14/b reached on November 14, 2018. Platt’s assessment was based on recent bids, offers and trades, as well as the plunging value for […]