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

ReutersFeb 14, 2025 10:15 PM

- The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) CLc1 was steady on Friday:

WCS for March delivery in Hardisty, Alberta, settled at $13.15 a barrel under WTI, according to brokerage CalRock, having also ended at a $13.15 discount on Thursday.

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

Global oil prices settled down on Friday on prospects for a peace deal between Russia and Ukraine that could ease global supply disruptions by ending sanctions against Moscow, but losses were limited by a delay in U.S. immediate reciprocal tariffs. O/R

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