WCS gains a little on WTI – differential closes by .5% year over year
Sep 30, 2016
The West Texas Intermediate (WTI) price of oil, often a world reference price quoted in the media, averaged US$44.80 a barrel in August 2016, 4.5% higher than it was a year earlier. Western Canada Select (WCS), the price obtained for many Alberta producers for oil, was up from US$29.48 in August 2015 to US$30.90 in August 2016, a rise of 4.8%. However, it declined $1.90 from July’s price of $32.80. The differential of WTI over WCS was US$13.90.