# Canadian Heavy Oil Discount Hits US$31 as WTI Settles at ...

> 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.

- Date: 2026-10-31 · published 2026-11-01T18:08:28.991Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/29340-canadian-heavy-oil-discount-hits-us-31-as-wti-settles-at
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

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.

## Read by commodity

- WTI: bullish ▲

## Sources

- oilauthority.com: https://oilauthority.com/news/wcs-discount-31-widest-since-2022-wti-104-12-imperial-exxonmobil

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.