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Western Canadian Select traded US$31 per barrel below WTI, the widest discount since October 2022, while WTI settled at $104.12 on Friday. Rising Venezuelan heavy crude imports and high freight rates have widened the discount on the US Gulf Coast.
Canadian producers are capturing little of the global rally.
A wide heavy-crude discount reflects regional supply and freight dynamics that limit the benefit of higher benchmark crude to Canadian producers, with limited direct effect on feed grain prices.
oilauthority.comOct 31, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
