May 6 (Reuters) - The discount on Western Canada Select
(WCS) heavy crude versus the North American benchmark West Texas
Intermediate (WTI) tightened slightly on Monday:
* WCS for June delivery in Hardisty, Alberta, traded at
$11.60 a barrel below WTI, according to brokerage CalRock, after
closing at $11.75 a barrel below the benchmark on Friday.
* Trading was rangebound, with a slow rally throughout the
day, one broker said.
* Canadian heavy crude has traded at a discount of less than
$12 a barrel to WTI since the start of this month's trade cycle,
when the 590,000 barrel per day Trans Mountain pipeline
expansion (TMX) started commercial operations.
* The WCS differential to U.S. crude is at its narrowest
since last July, according to Rory Johnston, founder of the
Commodity Context newsletter.
* Global oil futures ended largely unchanged as a ceasefire
agreement between Hamas and Israel continued to elude
negotiators.