off-the-wire

CANADA-CRUDE-Western Canada Select discount narrows

Kitco Media
By Reuters
Published:
Updated:
Reuters
March 15 (Reuters) - Western Canada Select (WCS) crude's discount to the benchmark West Texas Intermediate (WTI) tightened on Wednesday.


* WCS for April delivery in Hardisty, Alberta traded between $16.75 and $16.45 a barrel under WTI, according to brokerage CalRock, having traded between $17.10 and $16.90 a barrel under the U.S. benchmark on Tuesday.


* Canadian heavy crude remains in sight of a nine-month high of around $15 a barrel under WTI hit last week.
* WTI plunged to its lowest in more than a year before settling at $67.61 as unease over Credit Suisse spooked world markets and offset hopes of a Chinese oil demand recovery. (Reporting by Nia Williams; Editing by Sherry Jacob-Phillips)

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