Canada’s August Trade Surplus Widens Sharply Ahead of Fresh Tariffs - WSJ

The discount on Western Canada Select, WCS, crude oil to North American benchmark West Texas Intermediate futures widened slightly on Wednesday. WCS for November delivery in Hardisty, Alberta, settled at $25.55 a barrel below the US benchmark WTI, compared with $25.50 on Tuesday, according to brokerage CalRock. The discount remains more than $10 wider than it was at this point in last month’s trading cycle and is wider than it has been since 2023.

The discount on Western Canada Select (WCS) crude oil to North American benchmark West Texas Intermediate futures widened again on Thursday, as soaring global freight prices continue to put pressure on Canadian barrels re-exported off the US Gulf Coast. WCS for November delivery in Hardisty, Alberta, settled at $25.20 a barrel below the US benchmark WTI, according to brokerage CalRock, compared with $25.15 on Wednesday. The discount remains more than $10 wider than it was at this point in last month’s trading cycle and remains wider than it has been since 2023.

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