Feb 6 (Reuters) - Western Canada Select (WCS) crude's
discount to the benchmark West Texas Intermediate (WTI)
tightened on Monday:
* WCS for March delivery in Hardisty, Alberta, traded
between $21.80 and $20.00 a barrel below WTI, according to
brokerage CalRock, strengthening from Friday, when it traded at
$22.50 a barrel under the U.S. benchmark.
* Canadian heavy crude has been steadily narrowing this year
following the completion of the U.S. Strategic Petroleum Reserve
release in 2022 that flooded the market with sour crude. Traders
in Calgary said WCS prices could tighten further as the oil
sands maintenance season got underway, reducing supply.
* Global oil prices edged higher in choppy trading as
markets weighed a return in demand from China against supply
concerns and fears of slower growth in major economies curbing
consumption.
(Reporting by Nia Williams; Editing by Bradley Perrett)
Messaging: 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.