Western Canada Select Discount to WTI Holds Steady as Benchmarks Extend Monthly Gains

The price differential between Canadian heavy crude Western Canada Select and the North American benchmark, Oil – US Crude (WTI), held steady on Thursday, with March barrels at Hardisty, Alberta, assessed at a $15.75 per barrel discount, according to CalRock. The unchanged spread suggests a stable balance between supply constraints in Canada and demand for heavy grades in U.S. refineries, with no fresh catalysts significantly shifting relative pricing.

Over the past month, WTI has advanced about 6.6%, while global benchmark Oil – Brent Crude has gained roughly 6.8%, reflecting firmer sentiment driven by geopolitical risks and expectations for steady demand. Short‑term technicals point to a bullish bias, with WTI showing a Strong Buy signal and Brent flashing a Buy reading for the 1‑day horizon, indicating momentum still favors higher prices in the near term. Investors can explore more updates, prices, and analysis across global markets at Commodities.