CANADA-CRUDE-Discount on Western Canada Select heavy crude widens
Feb 12 (Reuters) - The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) CLc1 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. O/R
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