April 9 (Reuters) - The discount on Western Canada
Select (WCS) heavy crude versus the North American benchmark
West Texas Intermediate (WTI) held steady on Tuesday:
* WCS for May delivery in Hardisty, Alberta, settled at
$13.75 per barrel below WTI, according to brokerage CalRock,
closing at the same level as the previous day.
* Canadian heavy crude differentials have tightened in
recent weeks in anticipation of the 600,000 barrel-per-day Trans
Mountain pipeline expansion project starting to ship crude.
Trans Mountain said last week it would start operating
on May 1.
* "People are now in a wait and see position because the
move (in prices) has been made," one Calgary-based broker said.
* Global oil prices settled lower for a second day as talks
for a ceasefire in Gaza continued, but losses were limited to
less than a dollar a barrel as Egyptian and Qatari mediators met
resistance in their search to find a way out of the war.
(Reporting by Nia Williams in British Columbia)