Canadian Syncrude Strengthens Most in a Year as Long Lake Shuts

  • Discount to futures narrows the most since March 2014
  • Nexen to shut 72,000-barrel-a-day oil sands upgrader

Canadian synthetic crude prices strengthened the most in more than a year as Nexen Energy said it was shutting its Long Lake unit in Alberta, the second oil-sands operation to be closed in less than a week.

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