China swoops in on Canadian oil that's USD 50 below US crude

Chinese oil buyers are being tempted across the border to Canada where oil prices are 60 percent cheaper than U.S. benchmark West Texas Intermediate and global marker Brent.
Photo: Hasan Jamali/AP
Photo: Hasan Jamali/AP
BY BLOOMBERG NEWS

Chinese oil buyers are making a beeline for a bargain across the Pacific.

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