Heavy oil discount narrows as new trade cycle begins

WCS for September delivery in Hardisty

The discount on Western Canada Select (WCS) heavy crude oil versus West Texas Intermediate (WTI) narrowed on Tuesday as a new trade cycle began, traders said.

The discount for September delivery in Hardisty, Alberta, narrowed to around $22 a barrel from around $26 the previous day.

The discount on Western Canada Select WCS heavy crude oil versus West Texas Intermediate WTI

The discount on Western Canada Select (WCS) heavy crude oil versus West Texas Intermediate (WTI) narrowed on Tuesday as a new trade cycle began, traders said.

The discount for September delivery in Hardisty, Alberta, narrowed to around $22 a barrel from around $26 the previous day.