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New contract capitalises on Canadian heavy crude growth

A Canadian heavy crude oil contract launched this week will help oil market participants to exploit expected production growth in heavy crude from Canadian oil sands

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

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