* WCS for June delivery in Hardisty, Alberta, traded as low
as $14.00 a barrel under WTI before settling at $14.30 a barrel
under the benchmark, according to brokerage CalRock. On
Wednesday it traded between $14.80 and $14.55 a barrel under
WTI.
* Pipeline company Enbridge Inc reached a toll
agreement with oil shippers for its Mainline crude pipeline
system, a critical export conduit for Canadian barrels.
* Canadian Natural Resources Ltd's President Tim
McKay told an earnings call that pipeline egress is a key driver
of WCS differentials, and he expected them to tighten further
this year.
* Global oil prices settled nearly unchanged after the
European Central Bank decided to slow the pace of interest rate
hikes, but prices are still down more than 9% for the week on
demand concerns in major consuming countries.
* That put the outright price of WCS around $54 a barrel.
(Reporting by Nia Williams)
May 4 (Reuters) - Western Canada Select (WCS) heavy
crude's discount to the benchmark West Texas Intermediate (WTI)
tightened on Thursday:
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