New contract capitalises on Canadian heavy crude growth

The Montreal Exchange will launch today (June 18) a Canadian heavy crude oil futures contract listed as WCH on its SOLA electronic platform, in a move that reflects the positive long-term oil production growth outlook for the country.

The contract will enable market participants to manage the risk associated with fluctuations in the price differential between heavy and light crude oil.

It will be cash-settled using the NGX WCS WTI Crude Oil Index reference price, published by TMX Group’s Natural