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 - Mar 2, 2019

The West Texas Intermediate (WTI) price of oil, often a world reference price quoted in the media, averaged US$51.38 a barrel in January 2019, 19.2% lower than it was a year earlier. Western Canada Select (WCS), the price obtained for many Alberta producers for oil, averaged US$34.30 a barrel in January 2019, 19.4% lower than it was a year earlier. The differential of WTI over WCS was US$17.08 in January 2019.