"The main Canadian crude grades typically trade at a discount to benchmark U.S. crude due to transportation costs and its grade, and the tariff threat initially caused that gap to widen.
But in recent weeks, the discount for Western Canada Select (WCS) delivered in Hardisty, Alberta has steadily shrunk, hitting US$9.75 a barrel this week, the smallest since late November 2020, according to LSEG data.
This WCS strength partly reflects traders’ confidence that Canadian oil exports will continue to be exempt from U.S. tariffs"
https://www.ctvnews.ca/business/article/canadian-crude-exporters-are-unintended-recipients-of-trump-bump-bousso/
Source: Kooky_Heart3042