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$XAU The discount on Western Canadian Select crude against West Texas Intermediate widened to $26.60 per barrel

The discount on Canadian Western Canada Select crude compared with the U.S. benchmark West Texas Intermediate crude futures widened on Thursday.

The price of WCS for December delivery at Hardisty, Alberta, settled at a $26.60-per-barrel discount to the U.S. benchmark WTI, compared with $25.75 on Tuesday, according to brokerage CalRock. Wednesday was a public holiday in Canada.

The discount on heavy Canadian crude remains wide, but has retreated from the elevated levels recorded earlier this month. This is due in part to a decline in global ocean freight rates since October, although they remain high.
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