May WTI vs WCS report
PUBLISHED – Jun 27, 2016
The West Texas Intermediate (WTI) price of oil, often a world reference price quoted in the media, averaged US$46.80 a barrel in May 2016, 21.2% lower than it was a year earlier. Western Canada Select (WCS), the price obtained for many Alberta [and Saskatchewan] producers for oil, was down from US$47.50 in May 2015 to US$32.52 in May 2016, a fall of 31.5%. However, it was up US$4.64 from April. The May price differential of WTI over WCS was US$14.28.