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Oil, steam and natural gas pipelines run through the forest near Cold Lake, Alta.
Oil, steam and natural gas pipelines run through the forest near Cold Lake, Alta.
(TODD KOROL/REUTERS)

Slumping dollar another plus for oil sands crude

The market can’t seem to get enough of Alberta’s oil sands crude these days, and the weakening loonie is only adding to a growing list of positive factors for producers.

Western Canada Select heavy crude blend for March delivery sold on Friday at an unseasonably strong discount of $18.25 (U.S.) a barrel to U.S. benchmark West Texas Intermediate.