CDN NEWS | 
US NEWS 
WCS for January delivery in Hardisty, Alberta, settled at $12.75 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with $12.80 on Friday.
* After spending much of the year in the $9-$11 range, in large part due to the Trans Mountain pipeline expansion, which has given Canadian oil producers additional export capacity, the WCS discount has recently widened.
* The widening can be attributed in part to rising Canadian production growth that has increased pressure along the country’s export pipelines, as well as normal seasonal patterns.
* In spite of recent widening, the discount on Canadian heavy crude remains tight from a historical perspective.
* Global oil prices slid on Monday as investors balanced disruptions linked to escalating U.S.-Venezuelan tensions with oversupply concerns and the impact of a potential Russia-Ukraine peace deal.
(Reporting by Amanda Stephenson in Calgary; Editing by Shinjini Ganguli)
Share This:
