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 - May 22, 2020

The West Texas Intermediate (WTI) price of oil, often a world reference price quoted in the media, averaged US$16.55 a barrel in April 2020, 74.1% lower than it was a year earlier. Western Canada Select (WCS), the price obtained for many Alberta producers of oil, averaged US$3.50 a barrel in April 2020, 93.4% lower than it was a year earlier. The differential of WTI over WCS was US$13.05 in April 2020.