The discount on Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) narrowed further on Tuesday:
WCS for June delivery in Hardisty, Alberta, traded at $11.50 a barrel below WTI, according to brokerage CalRock, after closing at $11.60 a barrel below the benchmark on Monday.
Canadian heavy crude has traded at a discount of less than $12 a barrel to WTI since the start of this month’s trade cycle, when the 590,000 barrel per day (bpd) Trans Mountain pipeline expansion (TMX) started commercial operations.
Read more: https://boereport.com/2024/05/07/heavy-oil-discount-tightens-3/amp/