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Heavy oil discount widens
The discount on Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) widened on Thursday: • WCS for June delivery in Hardisty, Alberta, closed at $12.20 a barrel below WTI, according to brokerage CalRock, after closing at $11.70 a barrel below the benchmark on Wednesday. • Canadian heavy crude differentials remain relatively strong thanks to the 590,000 barrel per day (bpd) Trans Mountain pipeline expansion (TMX) starting commercial operations.29dk2902l • Canada’s oil sands producers have been reporting strong production during first quarter earnings call ... (full story)