June 3 (Reuters) - The discount on Western Canada Select
(WCS) heavy crude versus the North American benchmark West Texas
Intermediate (WTI) widened on Monday as the new monthly trade
cycle got underway:
* WCS for July delivery in Hardisty, Alberta, traded at
$12.50 a barrel below WTI, according to brokerage CalRock,
having settled at $11.75 a barrel under the benchmark on Friday.
* Canadian heavy crude prices remain relatively strong,
however, gaining support from increased access to global markets
via the 590,000 barrel-per-day Trans Mountain pipeline
expansion, which started operating last month.
* Chinese refiner Rongsheng Petrochemical has
bought its first Canadian crude cargo via Trans Mountain from
TotalEnergies through a tender, several trade sources
said on Monday.
* Global oil prices tumbled by $3 a barrel to their lowest
in nearly four months, as investors worried that a complicated
OPEC+ output decision could lead to higher supplies later in the
year even though demand growth has been slow.
(Reporting by Nia Williams in British Columbia; Editing by Anil
D'Silva)