U.S. Markets close in 6 hrs 5 mins

$20 Oil? Welcome to Canada, Where Crude Prices Haven't Recovered

Bloomberg
$20 Oil? Welcome to Canada, Where Crude Prices Haven't Recovered

Western Canada Select slumped below $20 a barrel on Thursday, the lowest in more than two years, continuing a brutal streak of declines for the country's main grade of crude. The drop has come as rising production from Canada's oil-sands overwhelms the nation's pipeline capacity, and as refinery