Discount on Western Canada Select Narrows

(Reuters) – The discount on Western Canada Select to North American benchmark West Texas Intermediate futures narrowed on Wednesday.

WCS for November delivery in Hardisty, Alberta, settled at $11.10 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, narrower than Tuesday’s close of $11.50.

• Western Canadian crude production continues to grow, with the oil-producing province of Alberta hitting a record of 4.3 million barrels per day in July.29dk2902l
• Global oil prices slid for a third day in a row to a 16-week low on Wednesday as a U.S. government shutdown fed worries about the global economy, while traders expected more oil supply to come on the market with a planned output boost by OPEC+ next month.

Reporting by Georgina McCartney in Houston; Editing by Sahal Muhammed

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