Western Canada Select (WCS) heavy crude’s discount to the benchmark West Texas Intermediate (WTI) was little changed on Wednesday:

* WCS for May delivery in Hardisty, Alberta, traded between $15.95 and $15.65 a barrel under WTI, according to brokerage CalRock, after having traded between $16.00 and $15.50 a barrel under the U.S. benchmark on Tuesday.

* The Canadian heavy crude benchmark remains in sight of recent 11-month highs hit last week of around $14.00 a barrel under WTI.

* Global oil prices rose 2% as cooling U.S. inflation data spurred hopes that the Federal Reserve is getting closer to ending its cycle of interest-rate hikes and cushioned the impact of a small build in U.S. crude oil stocks.

* The outright price of WCS was around $67.50 a barrel.
Source: Reuters