The Crude Report: The rise of WCS Houston and ARV
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The Ice ARV paper swap, which settles on Argus WCS Houston, has seen a rapid rise in open interest and trade volume over the past 6 months. What in the physical market is supporting this growth? In this episode of The Crude Report, vice presidents of business development Jeff Kralowetz and Bruce Fulin discuss the connection between the physical and financial markets for heavy Canadian crude oil at the US Gulf coast.