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WCS Discount to WTI Widens as Benchmark Crudes Extend Monthly Gains

WCS Discount to WTI Widens as Benchmark Crudes Extend Monthly Gains

The price differential between Canadian heavy crude and the U.S. benchmark widened on Thursday, with Western Canada Select (WCS) for March delivery at Hardisty, Alberta, settling at a $15.25 per barrel discount to U.S. futures, up from a $15.15 discount the previous day, according to brokerage CalRock. The move highlights ongoing pressure on Canadian heavy grades even as broader crude benchmarks such as Oil – US Crude (WTI) and Oil – Brent Crude post strong recent gains, suggesting regional supply, quality, and transportation dynamics are weighing on WCS pricing relative to the North American benchmark.

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Over the past month, WTI has advanced about 13.39%, while Brent has risen roughly 13.44%, reflecting improving sentiment toward the global oil demand outlook and ongoing supply discipline from key producers. From a short-term technical perspective, both benchmarks currently show a 1-day signal of Strong Buy for WTI and Strong Buy for Brent, indicating bullish momentum despite the widening WCS discount. Investors can explore more updates, prices, and analysis across global markets at Commodities.

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