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CANADA-CRUDE-Discount on Western Canada Select heavy crude narrows

ReutersJan 10, 2025 10:54 PM

- The discount on Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) narrowed on Friday:

* WCS for February delivery in Hardisty, Alberta, settled at $12.15 a barrel under the WTI benchmark, according to brokerage CalRock, having settled at $12.20 a barrel under the U.S. benchmark on Thursday.

* Global oil prices rallied nearly 3% to their highest in three months on Friday as traders braced for supply disruptions from the broadest U.S. sanctions package targeting Russian oil and gas revenue. O/R

(Reporting by Arathy Somasekhar in Houston;)

((arathy.s@thomsonreuters.com))

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