Nov 6 (Reuters) - The discount on Western Canada Select
to North American benchmark West Texas Intermediate futures
widened on Thursday.
WCS for December delivery in Hardisty, Alberta, settled at
$11.45 a barrel under the U.S. benchmark WTI, according to
brokerage CalRock, compared to Tuesday's close of $11.25.
* The differential is higher than this time last month but
remains
tight by historical standards.
* WCS pricing continues to be supported by the Trans
Mountain pipeline expansion, which has enabled strong buying of
Canadian crude off the Pacific coast, especially by China.
* The CEO of Canada's largest oil company, Canadian Natural
Resources ( CNQ ) , said on a conference call that last year's
opening of the Trans Mountain pipeline expansion has stabilized
Western Canada's oil market to the extent that tight discounts
on Canadian heavy oil will continue in the near term. Canadian
Natural expects the WCS discount to continue to hover in the
US$10-13 per barrel below WTI, Scott Stauth said.
* Oil prices declined on Thursday as investors considered a
potential supply glut, as well as weakened demand in the United
States, the world's largest oil consumer.