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Alberta’s heavy crude plunges to record low

Alberta's heavy crude is plumbing new depths as the oil market gets off to a brutal start in 2016. Western Canada Select, the main oil sands benchmark, dropped $2.05 (U.S.) on Monday to $16.61 a barrel, its lowest close on record. The price of WCS has plummeted 30 per cent this year and nearly 80 per cent from a year ago.

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