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 - Oct 26, 2020

The West Texas Intermediate (WTI) price of oil, often a world reference price quoted in the media, averaged US$39.63 a barrel in September 2020, 30.4% lower than it was a year earlier. Western Canada Select (WCS), the price obtained for many Alberta producers of oil, averaged US$28.43 a barrel in September 2020, 36.6% lower than it was a year earlier. The differential of WTI over WCS was US$11.20 in September 2020.