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Discount on Western Canada Select heavy crude widens

January 8, 20253:00 PM Reuters0 Comments

crude oil rail cars The discount on Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) widened on Wednesday:

* WCS for February delivery in Hardisty, Alberta, settled at $12.30 a barrel under the WTI benchmark, according to brokerage CalRock, having settled at $12 a barrel under the U.S. benchmark on Tuesday.

* Global oil prices fell more than 1% on Wednesday as a stronger dollar and large builds in U.S. fuel inventories last week pressured prices, reversing earlier gains driven by tightening supplies from Russia and other OPEC members.

(Reporting by Arathy Somasekhar in Houston; Editing by Mohammed Safi Shamsi)

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