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CANADA-CRUDE-Discount on Western Canada Select heavy crude widens
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CANADA-CRUDE-Discount on Western Canada Select heavy crude widens
Nov 15, 2024 3:15 PM

Nov 15 (Reuters) - The discount on Western Canada Select

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

Intermediate (WTI) widened on Friday:

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

$11.60 a barrel under the WTI benchmark, according to brokerage

CalRock, having settled at a discount of $11.45 a barrel under

the U.S. benchmark on Thursday.

* Global oil prices settled down more than 2% as investors

fretted about weaker Chinese demand and a potential slowing in

the pace of U.S. Federal Reserve interest rate cuts.

* The outright price of WCS dropped below $56 a barrel.

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