By Amanda Stephenson
The discount on Western Canada Select (WCS) crude versus West Texas Intermediate (WTI) widened slightly to $10.30 per barrel on Thursday, up from $10.05 the previous day, per CalRock data. Despite the modest shift, pricing remains historically strong, supported by summer demand for heavy crude used in asphalt production and increased export capacity via the Trans Mountain pipeline expansion. Analyst Martin King of RBN Energy expects WCS to trade within a tight band this summer, noting producers are operating at high output levels. Meanwhile, global oil prices dipped due to concerns over U.S. tariffs and anticipated supply growth.
Read the article here Discount on Western Canada Select widens | BOE Report
