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CANADA-CRUDE-Discount on Western Canada Select narrows

ReutersOct 15, 2025 9:22 PM

- The discount on Western Canada Select to North American benchmark West Texas Intermediate futures CLc1 settled at $10.25 a barrel under the U.S. benchmark WTI on Wednesday, its narrowest differential since July.

WCS for November delivery in Hardisty, Alberta, narrowed from $10.30 a barrel on Tuesday, according to brokerage CalRock.

  • The WCS discount typically widens after the summer driving season ends, but has seen a contrary pattern this year.

  • October's tight discount is being driven by supply impacts from seasonal maintenance in the Canadian oil sands, strong Asian buying, and strong demand from U.S. refineries, analysts say.

  • Oil prices eased on Wednesday to a five-month low on escalating U.S.-China trade tensions and the International Energy Agency's prediction of a supply surplus in 2026.

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