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 - Jul 24, 2020

The West Texas Intermediate (WTI) price of oil, often a world reference price quoted in the media, averaged US$38.31 a barrel in June 2020, 29.9% lower than it was a year earlier. Western Canada Select (WCS), the price obtained for many Alberta producers of oil, averaged US$33.97 a barrel in June 2020, 18.6% lower than it was a year earlier. The differential of WTI over WCS was US$4.34 in June 2020.