WTI vs WCS data for July 2016 and past 10 years

Oil Prices

Price per barrel of WCS oil in US dollars (from here)

 WTI vs WCS 10 yr Aug 2016WTI vs WCS Aug 2016

 

WTI Source: U.S. Energy Information Administration (Jan 1986 to present). WCS Source: Alberta Energy (Jan 2009 to present)

Analysis

PUBLISHED – Aug 8, 2016

The West Texas Intermediate (WTI) price of oil, often a world reference price quoted in the media, averaged US$48.84 a barrel in June 2016, 18.4% lower than it was a year earlier.  Western Canada Select (WCS), the price obtained for many Alberta producers for oil, was down from US$51.29 in June 2015 to US$36.47 in June 2016, a fall of 28.9%. However, it was up US$3.95 from May. The June price differential of WTI over WCS was US$12.37.

About prosperitysaskatchewan

Consultant on Saskatchewan's natural resources.

Posted on August 11, 2016, in economic impact, miscellaneous, oil, political. Bookmark the permalink. Leave a comment.

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