Oil Prices

Price per barrel of WCS oil in US dollars.

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WTI Oil ($US/bbl)

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Analysis

PUBLISHED - Aug 30, 2019

The West Texas Intermediate (WTI) price of oil, often a world reference price quoted in the media, averaged US$57.35 a barrel in July 2019, 18.9% lower than it was a year earlier. Western Canada Select (WCS), the price obtained for many Alberta producers of oil, averaged US$44.70 a barrel in July 2019, 15.4 % lower than it was a year earlier. The differential of WTI over WCS was US$12.65 in July 2019.