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Heavy oil discount tightens

October 4, 2024 3:44 PM
Reuters


The discount on Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) tightened on Friday:

* WCS for November delivery in Hardisty, Alberta, settled at $12.20 a barrel below WTI, according to brokerage CalRock, having settled at $12.75 a barrel under the benchmark on Thursday.

* Oil futures rose on Friday and settled with their biggest weekly gains in over a year on the mounting threat of a region-wide war in the Middle East.

(Reporting by Georgina McCartney in Houston; Editing by Shailesh Kuber)

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