CANADA-CRUDE-Heavy discount narrows as production cuts mount
May 04, 2020 at 15:33 PM EDT
Canadian heavy crude's discount narrowed versus the U.S. benchmark West Texas Intermediate (WTI) on Monday, surpassing an 11-year low set on Friday. * Western Canada Select (WCS) heavy blend crude for June delivery in Hardisty, Alberta, traded at $3.70 per barrel below WTI, according to NE2 Canada Inc, narrower than Friday's settle of $5.35 under. * Prices at that level were the lowest recorded by NE2 in data that goes back to 2009. * Cuts to Canadian oil production totaled at
