Trump Claims Receiving Venezuelan Oil, Causing Canadian Oil Prices to Plunge

Odaily News According to Modern Commodities data, Canadian "Cold Lake" crude oil (a type of crude similar to Venezuelan heavy crude) traded on Wednesday at a discount of $8.50 per barrel compared to the monthly average price of WTI crude, while Tuesday's discount was $6.80 per barrel. Link Data Services data shows that if the closing price remains near this level, it would be the largest discount since the end of 2023. In Alberta, Canada, the discount for heavy crude widened from $13.90 per barrel to $14.10 per barrel.