Oil Prices
Price per barrel of WCS oil in US dollars.
1 year5 year10 yearAll available

WTI Oil ($US/bbl)

Trend % CHANGE

Analysis

PUBLISHED - Jan 26, 2023
The West Texas Intermediate (WTI) price of oil, often a world reference price quoted in the media, averaged US $76.44 a barrel in December 2022, 6.6% higher than it was a year earlier. Western Canada Select (WCS), the price obtained for many Alberta producers of oil, averaged US $47.14 a barrel in December 2022, 11.2% lower than it was a year earlier. The differential of WTI over WCS was US $29.30 in December 2022.