Discount on Western Canada Select heavy crude tightens

The discount on Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) narrowed on Friday:

WCS for December delivery in Hardisty, Alberta, settled at $11.65 a barrel under the WTI benchmark, according to brokerage CalRock, having settled at a discount of $11.85 a barrel under the U.S. benchmark on Thursday.

Global oil prices settled more than 2% lower as traders grew less fearful of prolonged supply disruptions from a hurricane in the U.S. Gulf of Mexico, while China’s latest economic-stimulus packages failed to impress some oil traders.O/R

The outright price of WCS was just under $59 a barrel.
Source: Reuters (Reporting by Nia Williams in British Columbia; Editing by Shailesh Kuber)