# Canadian crude discount with U.S. at widest level since 2018

> 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.

- Date: 2026-11-03 · published 2026-11-04T00:10:30.732Z
- Category: logistics · region Canada · magnitude low
- Page: https://feedsoft.ai/events/78572-canadian-crude-discount-with-u-s-at-widest-level-since-2018
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A wider heavy-crude discount reflects shipping and import factors rather than feedstock supply, so it has limited direct effect on feed ingredient prices.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2017-01-13 | [WTI and the Changing Dynamics of Global Crude Oil](https://feedsoft.ai/events/73145-wti-and-the-changing-dynamics-of-global-crude-oil.md) | -1.2% | +1.6% |
| WTI | 2021-09-30 | [China's farmers face more pain as power crunch drives up feed costs \| Financial Post](https://feedsoft.ai/events/45065-china-s-farmers-face-more-pain-as-power-crunch-drives-up-feed-costs-financial.md) | +3.5% | +10.2% |
| WTI | 2017-09-01 | [Inter Continent Trading: Tankers: Persian Gulf vs Red Sea freight premium disappears as Harvey disrupts trade](https://feedsoft.ai/events/68843-inter-continent-trading-tankers-persian-gulf-vs-red-sea-freight-premium.md) | +0.4% | +9.4% |
| WTI | 2019-05-29 | [CORRECTED-UPDATE 2-MPLX to restart Ozark crude pipeline on Thursday after outage -traders](https://feedsoft.ai/events/59239-corrected-update-2-mplx-to-restart-ozark-crude-pipeline-on-thursday-after.md) | -9.3% | -2.2% |
| WTI | 2026-04-22 | [Tankers undercut grain ships in Panama Canal: queues have increased significantly — EADaily, April 22nd, 2026 — Politics, Russia](https://feedsoft.ai/events/16869-tankers-undercut-grain-ships-in-panama-canal-queues-have-increased.md) | +9.8% | +18.8% |
| BRENT | 2019-07-23 | [The Suez Canal and SUMED Pipeline are critical chokepoints for oil and natural gas trade -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/57988-the-suez-canal-and-sumed-pipeline-are-critical-chokepoints-for-oil-and-natural.md) | +0.6% | -4.5% |
| BRENT | 2019-08-30 | [Iron Ore Freight Starts to Cost a Ton as Great Fuel Shift Begins - Bloomberg](https://feedsoft.ai/events/57778-iron-ore-freight-starts-to-cost-a-ton-as-great-fuel-shift-begins-bloomberg.md) | +1.6% | +2.6% |
| BRENT | 2018-01-09 | [Sanchi Tanker Burns for Third Day in East China Sea](https://feedsoft.ai/events/66888-sanchi-tanker-burns-for-third-day-in-east-china-sea.md) | +2.9% | -0.7% |

## Sources

- ca.investing.com: https://ca.investing.com/news/economy-news/canadian-crude-discount-with-us-at-widest-level-since-2018-4926717
- investing.com: https://www.investing.com/news/economy-news/canadian-crude-discount-with-us-at-widest-level-since-2018-4996314

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