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Heavy Oil Discount Widens


These translations are done via Google Translate

The discount on Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) widened on Wednesday for the second consecutive day:

* WCS for October delivery in Hardisty, Alberta, traded at $14.00 a barrel below WTI on Wednesday, according to brokerage CalRock, having settled at $13.50 a barrel under the benchmark on Tuesday.

* Global oil prices fell by more than $1 a barrel in see-saw trading, with traders worried about demand in coming months as crude producers offered mixed signals about supply increases.

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* The outright price of WCS was around $55 a barrel.

(Reporting by Nia Williams in British Columbia; Editing by Tasim Zahid)



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