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Western Canadian Select's discount to WTI widened to $31.70 a barrel, the widest since November 2018, and Cold Lake's Gulf Coast discount reached $23.10. The widening stems from higher global tanker rates and more Venezuelan heavy crude imports into the US Gulf.
A wider heavy-crude discount reflects shipping and import factors rather than feedstock supply, so it has limited direct effect on feed ingredient prices.
ca.investing.comVlad SchepkovNov 3, 2026
investing.comVlad SchepkovNov 3, 2026After 11 past neutral logistics events, WTI moved a median +3.8% over 5 sessions (73% higher; middle half -0.4% to +6.6%), and +6.3% over 20.
After 36 past logistics events, BRENT moved a median +0.2% over 5 sessions (50% higher; middle half -4.6% to +3.2%), and +1.5% over 20.
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.
