Aug 14 (Reuters) - The discount on Western Canada Select
(WCS) heavy crude versus the North American benchmark West Texas
Intermediate (WTI) narrowed on Wednesday, for the fourth
straight day:
* WCS for September delivery in Hardisty, Alberta, settled
at $12.40 a barrel below WTI, according to brokerage CalRock,
having settled at $12.60 a barrel under the U.S. benchmark on
Tuesday, for the fourth trading session in a row
* Canadian heavy crude differentials have gained support
this month from some U.S. Midwest refineries restarted
operations after unplanned shut-downs in July.
* Exxon Mobil ( XOM ) restarted select units at its 251,800
barrel-per-day refinery in Joliet, Illinois, three weeks after
it lost power following a storm, the company said last week.
* However, Exxon reported a unit upset at Joliet on Saturday
and Sunday, according to Illinois Emergency Management Agency
* Global oil prices settled 1% lower on Wednesday after U.S.
crude inventories rose unexpectedly and as worries eased
slightly that a wider Middle East conflict could threaten
supplies from one of the world's major regions for crude
production.