Tag Archives: leasing

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Commentary: Narrow WCS-WTI Spread Pressures Tank Car Lease Rates

Commentary:  Narrow Western Canada Select (WCS) and Western Texas Intermediate (WTI) spread pressures tank car lease rates   It’s not profitable to ship crude oil by rail. The main driver of crude-by-rail shipments is the price difference between Canada’s benchmark Western Canada Select and Western Texas Intermediate, a U.S. benchmark. When the discount is wide, […]

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