Feb 3 (Reuters) - Western Canada Select (WCS) crude's discount to the
benchmark West Texas Intermediate (WTI) narrowed on Friday:
* WCS for March delivery in Hardisty, Alberta, strengthened to $22.50 a
barrel below WTI, according to brokerage CalRock, having settled at $22.90 a
barrel on Thursday.
* Canadian heavy crude continues to follow U.S. Gulf Coast prices higher,
said one Calgary-based crude trader, and could tighten further as maintenance
season gets underway in the oil sands and reduces supply.
* A Canadian offshore oil regulator said on Friday it has licensed a
significant discovery by Equinor ASA off the country's Atlantic coast,
the first such license it has issued in two years.
* Global oil prices fell to over three-week lows in a volatile session,
after strong U.S. jobs data raised concerns about higher interest rates and as
investors sought more clarity on the imminent EU embargo on Russian refined
products.
* The outright price of WCS was just under $51 a barrel.
(Reporting by Nia Williams)
nia.williams.thomsonreuters.com@reuters.net))
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.