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 - Jun 28, 2019

The West Texas Intermediate (WTI) price of oil, often a world reference price quoted in the media, averaged US$60.83 a barrel in May 2019, 13.0% lower than it was a year earlier. Western Canada Select (WCS), the price obtained for many Alberta producers of oil, averaged US$52.44 a barrel in May 2019, 1.5% lower than it was a year earlier. The differential of WTI over WCS was US$8.39 in May 2019.