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Heavy oil discount widens

September 4, 20245:24 PM Reuters0 Comments

The discount on Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) widened on Wednesday for the second consecutive day:

* WCS for October delivery in Hardisty, Alberta, traded at $14.00 a barrel below WTI on Wednesday, according to brokerage CalRock, having settled at $13.50 a barrel under the benchmark on Tuesday.

* Global oil prices fell by more than $1 a barrel in see-saw trading, with traders worried about demand in coming months as crude producers offered mixed signals about supply increases.

* The outright price of WCS was around $55 a barrel.

(Reporting by Nia Williams in British Columbia; Editing by Tasim Zahid)

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