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Commodities

WCS Discount Widens as Canada Eyes West Coast Pipeline

Guavy AI Editorial Team
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Oil
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The price difference between Western Canada Select (WCS) crude oil and North American benchmark West Texas Intermediate (WTI) futures has widened on Thursday.

According to brokerage CalRock, WCS for November delivery in Hardisty, Alberta settled at $24.10 a barrel below WTI, compared with $21.60 on Wednesday.

Canadian Prime Minister Mark Carney announced plans to fast-track the approval process for a new proposed crude oil export pipeline to Canada's west coast, which could generate over C$20 billion ($14 billion) in GDP per year.

The project aims to diversify the economy away from the US and mitigate the impact of President Donald Trump's tariffs.

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