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

March 13 (Reuters) - The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) CLc1 narrowed on Thursday.

WCS for April delivery in Hardisty, Alberta, settled at $10.65 a barrel under WTI, according to brokerage CalRock, after having settled at $10.90 under the U.S. benchmark on Wednesday.

The Canadian heavy crude discount has been narrowing this week as the market reacted to the one-month tariff reprieve announced last Thursday by U.S. President Donald Trump. The White House had previously said energy products from Canada would be subject to a 10% tariff rate.

Canada exports approximately 4 million barrels of oil per day, about 90% of its total crude exports, to the United States.

Globally, oil prices fell over 1% on Thursday as markets weighed macroeconomic concerns, including the risk that tariff wars between the U.S. and other countries could hurt global demand as well as uncertainty stemming from a U.S. proposal for a Russia-Ukraine ceasefire.