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CANADA-CRUDE-Heavy crude discount edges down

Reuters · 01/06/2023 18:03
CANADA-CRUDE-Heavy crude discount edges down

- Western Canada Select (WCS) crude's discount to the benchmark West Texas Intermediate (WTI) on Friday:


* WCS for February delivery in Hardisty, Alberta, traded between $26.45 and $26.25 a barrel below WTI, according to brokerage CalRock, tightening around 40 cents from the previous day.

* The Canadian heavy crude discount has since TC Energy TRP.TO restarted its Keystone pipeline in December after a leak of 14,000 barrels in Kansas. The 622,000 barrel-per-day pipeline delivers Canadian crude to U.S. refineries.

* Global oil prices were little changed as the market balanced a weaker U.S. dollar and mixed U.S. jobs reports, but both crude benchmarks ended the first week of the year lower due to global recession concerns. O/R


(Reporting by Nia Williams)

((.williams@thomsonreuters.com ; +1 403 607 9846; Reuters Messaging: .williams.thomsonreuters.com@reuters.))