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.

WTI vs WCS May 2015-2016 report

10-year comparison:WTI vs WCS May 2006-2016

5-year comparison:WTI vs WCS May 2011-2016

About prosperitysaskatchewan

Consultant on Saskatchewan's natural resources.

Posted on June 27, 2016, in economic impact, oil, political. Bookmark the permalink. Leave a comment.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: