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Fragmentation seen holding back Canadian oil derivatives

The existence of several rival price indexes for Western Canadian Select is hindering the growth of financial trading in heavy crude oil from Alberta, market participants say

oil drum

Despite some improvement in liquidity in Canadian heavy crude oil derivatives, financial trading in Western Canadian Select (WCS) has yet to really take off, market participants complained during a panel discussion at Energy Risk Canada in Calgary on June 17.

Perry Undseth, president and chief executive of One Exchange, a Calgary-based energy broker, voiced disappointment that the market had not

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