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CANADA-CRUDE-Discount on Western Canada Select narrows

ReutersNov 4, 2025 10:44 PM

- The discount on Western Canada Select to North American benchmark West Texas Intermediate futures CLc1 narrowed on Tuesday.

WCS for December delivery in Hardisty, Alberta, settled at $11.05 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared to Monday's close of $11.10.

  • "The bidding war for Canadian crude remains very strong and the result has been tighter than typical differentials for this time of year," said RBN Energy analyst Martin King.

  • International buying of Canadian crude off the Pacific coast via the Trans Mountain pipeline remains strong, especially by China, King said. Buying of Canadian barrels for re-export out of the Gulf Coast has also been stronger than usual in reaction to additional sanctions on Russia, he added.

  • Oil prices settled lower on Tuesday as weaker manufacturing numbers and a stronger dollar weighed on demand, while the OPEC+ decision to pause output hikes in the first quarter of next year could signal the group's concern about a potential supply glut.

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