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WCS/WTI Diff Widens as TMX Operations Build

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Western Canada Select (WCS) for July delivery in Hardisty, Alberta, traded at $13.35/bbl below WTI on Tuesday, according to brokerage CalRock, having settled at $12.50/bbl under the benchmark on Monday.

  • It had settled at $11.75/bbl under the benchmark on Friday.
  • It had been tightening in the run up to the opening of the recently expanded Trans Mountain pipeline but is widening now it is operational.
  • Oil production continues to surge, with data showing Alberta output set a new April record of 3.93 million bpd, up 11% versus the same month time last year, according to ATB Financial.
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Western Canada Select (WCS) for July delivery in Hardisty, Alberta, traded at $13.35/bbl below WTI on Tuesday, according to brokerage CalRock, having settled at $12.50/bbl under the benchmark on Monday.

  • It had settled at $11.75/bbl under the benchmark on Friday.
  • It had been tightening in the run up to the opening of the recently expanded Trans Mountain pipeline but is widening now it is operational.
  • Oil production continues to surge, with data showing Alberta output set a new April record of 3.93 million bpd, up 11% versus the same month time last year, according to ATB Financial.