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CANADA-CRUDE-Discount on Western Canada Select heavy crude narrows

ReutersJan 6, 2025 11:17 PM

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

WCS for February delivery in Hardisty, Alberta, settled at $11.85 a barrel under the WTI benchmark, according to brokerage CalRock, having settled at $12 a barrel under the U.S. benchmark on Friday.

Global oil prices eased in volatile trade on Monday as some bearish economic news from the United States and Germany offset bullish support from a weaker U.S. dollar and forecasts for increased heating demand for energy from a winter storm. O/R

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

((arathy.s@thomsonreuters.com))

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