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Discount on Western Canada Select Heavy Crude Edges Wider


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 December delivery in Hardisty, Alberta, settled at $11.85 a barrel under the WTI benchmark, according to brokerage CalRock, having settled at a discount of $11.75 a barrel under the U.S. benchmark on Wednesday.

* Canadian heavy crude prices have traded in a narrow range at a relatively strong level so far this month.

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* Global oil prices rose nearly 1% as the market weighed how U.S. President-elect Donald Trump’s policies would affect supplies and as drillers cut output while bracing for Hurricane Rafael.


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