CANADA-CRUDE-Discount for Western Canada Select firms slightly
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The discount for Western Canada Select (WCS) heavy crude against West Texas Intermediate (WTI) narrowed on October 7, trading at a discount of $0.75 per barrel. Oil futures rose by 3%, with Brent crude surpassing $90 per barrel amid escalating Middle East conflict. Chevron announced the sale of its Athabasca oil sands and Duvernay shale assets to Canadian Natural Resources for $3.5 billion as part of its strategy to raise $5 billion to $10 billion through asset sales.
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