The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures widened on Friday.
WCS for November delivery in Hardisty, Alberta, settled at $24.65 a barrel below the US benchmark WTI, according to brokerage CalRock, compared with $24.10 on Thursday.
* Group of Seven countries agreed on Friday to release 100 million barrels of diesel and crude oil from emergency reserves and pledged to refrain from energy export restrictions after pressure from US President Donald Trump. Global oil prices fell.
* Canada will fast track the approval process for a new proposed crude oil export pipeline to its west coast that could generate over C$20 billion ($14 billion) a year in GDP, Prime Minister Mark Carney said on Thursday. The pipeline, which was announced in July, is a crucial part of Carney’s bid to diversify the economy away from the United States and help lessen the effect of Trump’s tariffs.
(Reporting by Georgina McCartney in Houston; Editing by Perla Velasco)