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WCS Discount Narrows to $14.20 Below WTI Amid Ongoing Shipping Concerns

Guavy AI Editorial Team
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Oil
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The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures narrowed on Friday.

WCS for August delivery in Hardisty, Alberta, settled at $14.20 a barrel below the U.S. benchmark WTI, compared to $14.30 on Thursday, according to brokerage CalRock.

The Trans Mountain pipeline is running at or near capacity, leading to strong utilization on the Enbridge mainline system, said Michael Berger from Enverus.

Oil sands' spring turnarounds and maintenance work from the second quarter of the year are now back online, adding supply to the market, he added.

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