Price per barrel of WCS oil in US dollars.
WTI Oil ($US/bbl)
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PUBLISHED - Mar 26, 2020
The West Texas Intermediate (WTI) price of oil, often a world reference price quoted in the media, averaged US$50.62 a barrel in February 2020, 7.9% lower than it was a year earlier. Western Canada Select (WCS), the price obtained for many Alberta producers of oil, averaged US$27.28 a barrel in February 2020, 39.8% lower than it was a year earlier. The differential of WTI over WCS was US$23.34 in February 2020.