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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 slightly on Thursday:

* WCS for October delivery in Hardisty, Alberta, settled at $13.85 a barrel below WTI, according to brokerage CalRock, having settled at $13.65 a barrel under the benchmark on Wednesday.

* Canadian heavy crude prices have traded in a narrow range between $13.50 and $14.00 a barrel below benchmark U.S. crude so far this month.

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* Global oil prices rose over 2% as producers assessed the impact on output in the U.S. Gulf of Mexico after Hurricane Francine tore through offshore oil-producing areas before being downgraded to a tropical storm.


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(Reporting by Nia Williams in British Columbia; Editing by Sonali Paul)



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