Heavy Oil Discount Widens

• WCS for July delivery in Hardisty, Alberta, settled at $15.55 a barrel below the WTI, according to brokerage CalRock, having settled at $14.05 a barrel under the benchmark on Friday.

• WCS differentials are expected to tighten given the expansion of the Trans Mountain pipeline.

• About 20 ships loaded crude oil on Canada’s West Coast in the first full month of operation on the newly expanded Trans Mountain pipeline, according to vessel-tracking data on Sunday, slightly below the operator’s forecast.

• While just shy of estimates, analysts say the loadings represent a strong start to operations.

• Global oil prices settled slightly lower as fears of supply disruptions caused by Hurricane Beryl faded throughout the day on Tuesday.

(Reporting by Arathy Somasekhar in Houston; Editing by Alan Barona)