The price gap between Western Canada Select crude and North American benchmark futures narrowed on Friday as global oil markets rallied on concerns over restricted Middle East supply. The move reflects tighter heavy crude differentials, with the WCS April Hardisty contract closing at a US$12 per barrel discount to U.S. benchmark Oil – US Crude, slightly firmer than the previous session.
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Over the past month, Oil – US Crude has risen about 24.75%, supported by geopolitical risk and expectations for solid demand, and its 1-day technical outlook currently flashes a Buy signal. International benchmark Oil – Brent Crude has advanced roughly 22.61% in the same period, also trading in an uptrend with a 1-day technical rating of Buy, indicating persistent bullish momentum across major crude benchmarks. Investors can explore more updates, prices, and analysis across global markets at Commodities.