Oil Prices
Price per barrel of WCS oil in US dollars.
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WTI Oil ($US/bbl)

Trend % CHANGE

Analysis

PUBLISHED - Mar 23, 2023
The West Texas Intermediate (WTI) price of oil, often a world reference price quoted in the media, averaged US $76.83 a barrel in February 2023, 16.2% lower than it was a year earlier. Western Canada Select (WCS), the price obtained for many Alberta producers of oil, averaged US $51.16 a barrel in February 2023, 35.3% lower than it was a year earlier. The differential of WTI over WCS was US $25.67 in February 2023.