The discount on Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) narrowed on Friday:
* WCS for February delivery in Hardisty, Alberta, settled at $12.15 a barrel under the WTI benchmark, according to brokerage CalRock, having settled at $12.20 a barrel under the U.S. benchmark on Thursday.
* Global oil prices rallied nearly 3% to their highest in three months on Friday as traders braced for supply disruptions from the broadest U.S. sanctions package targeting Russian oil and gas revenue.
(Reporting by Arathy Somasekhar in Houston;)