Canada’s Diesel-Rich Synthetic Crude Oil Triples in Four Days

Synthetic Canadian oil prized by refiners for its rich diesel output tripled in a matter of days amid a worldwide clamor to secure supplies of the truck and train fuel.

The oil produced via special processing of bitumen from Alberta’s oil sands is commanding $19.25 a barrel more than the monthly average for the US benchmark, West Texas Intermediate, according to Modern Commodities data. That’s an almost 200% increase since March 27.