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Discount on Western Canada Select heavy crude widens

February 12, 20253:51 PM Reuters0 Comments

The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) widened on Wednesday:

* WCS for March delivery in Hardisty, Alberta, settled at $13.25 a barrel under WTI, according to brokerage CalRock, having ended at a $13 discount on Tuesday.

* The discount on Canadian heavy crude prices has been easing since February 5, when it sat at $14 a barrel under WTI.

* U.S. President Donald Trump paused his plan to impose a 10% levy on Canadian oil for 30 days on February 3, in return for concessions on border and crime enforcement.

* Canada exports approximately 4 million barrels of oil per day to the United States.

* Oil prices settled down more than 2% on Wednesday after Trump took the first big step toward diplomacy over the war in Ukraine he has promised to end, a war that has supported oil prices on concerns about global supplies.

(Reporting by Georgina McCartney in Houston; Editing by Mohammed Safi Shamsi)

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