The price discount of Western Canada Select heavy crude versus North American benchmark Oil – US Crude futures widened slightly on Friday, with April barrels at Hardisty closing $13.20 per barrel below WTI, compared with $13.15 the prior session. Traders are watching whether ongoing supply disruptions linked to conflict in Iran further pressure heavy crude differentials, which can influence Canadian producer margins and refinery economics.
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Over the past month, both Oil – US Crude and Oil – Brent Crude have posted sharp gains, rising about 50.43% and 46.95%, respectively, reflecting heightened geopolitical risk and tighter balances. Short-term technicals currently point to a bullish bias, with US crude showing a 1-day signal of Buy and Brent also flashing a 1-day Buy, suggesting momentum remains supportive despite wider heavy crude discounts.
Investors can explore more updates, prices, and analysis across global markets at Commodities.