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

Trend % CHANGE

Analysis

PUBLISHED - Jun 23, 2022
The West Texas Intermediate (WTI) price of oil, often a world reference price quoted in the media, averaged US $109.26 a barrel in May 2022, 67.7% higher than it was a year earlier. Western Canada Select (WCS), the price obtained for many Alberta producers of oil, averaged US $96.60 a barrel in May 2022, 76.3% higher than it was a year earlier. The differential of WTI over WCS was US $12.66 in May 2022.