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CANADA-CRUDE-Discount on Western Canada Select heavy crude widens slightly
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CANADA-CRUDE-Discount on Western Canada Select heavy crude widens slightly
Dec 12, 2024 4:32 PM

Dec 12 (Reuters) - The discount on Western Canada Select

(WCS) heavy crude versus the North American benchmark West Texas

Intermediate (WTI) edged wider on Thursday:

* WCS for January delivery in Hardisty, Alberta, settled at

$12.55 a barrel under the WTI benchmark on Thursday, according

to brokerage CalRock, having settled at $12.45 a barrel under

the U.S. benchmark on Wednesday.

* Three of Canada's biggest oil producers, Suncor Energy ( SU )

, Cenovus Energy ( CVE ) and Imperial Oil ( IMO ), on

Thursday projected higher production in 2025, betting on

resilient demand for Canadian crude in U.S. and international

markets.

* Global oil prices settled close to unchanged, pressured by

a forecast for ample supply in the oil market but supported by

rising expectations of a Federal Reserve interest rate cut.

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