Canadian Heavy Crude Discount to WTI Shrinks as Pipeline Starts
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Heavy Canadian oil prices strengthened from the lowest level in three months after Enbridge Inc. started an oil pipeline that will help transport crude to the U.S. Gulf Coast.
The Flanagan South pipeline, which runs from Flanagan, Illinois, to Cushing, Oklahoma, is in service, Graham White, an Enbridge spokesman based in Calgary, said in an e-mail. The facility started as refineries in the Midwest, including PBF Energy Inc.’s Toledo plant, restore production after seasonal repairs.