The price gap between Western Canada Select heavy crude and U.S. benchmark Oil – US Crude widened on Thursday, with WCS for May at Hardisty, Alberta, settling at a $17 per barrel discount to WTI, up from $16.60 the prior day, according to CalRock. The move marks the largest recent differential for Canadian heavy barrels and may reflect transportation constraints, refinery demand patterns, and quality-related pricing pressure.
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Over the past month, both global benchmark Oil – Brent Crude and WTI-linked Oil – US Crude have eased, with prices down about 3.85% and 3.58%, respectively, as markets weigh supply growth against demand concerns. Daily technicals show Brent flashing a Buy bias while U.S. crude sits at a Hold, indicating investors are cautious on WTI even as some indicators turn more constructive on Brent.
Investors can explore more updates, prices, and analysis across global markets at Commodities.