Heavy oil discount narrows slightly WCS for May delivery in Hardisty, Alberta, traded at $11.75 a barrel below WTI, according to brokerage CalRock, after closing at $11.90 a barrel below the benchmark on Thursday.
Canadian heavy crude has traded at a discount of less than $12 a barrel to WTI since the start of this month’s trade cycle on Wednesday, when the 590,000 barrel per day Trans Mountain pipeline expansion (TMX) also started commercial operations.