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   What determines the price of crude oil around the world?

   • As a result, the supply/demand balance determines the price for crude oil around the world. Prices vary globally to reflect the cost of transporting crude oil to that market and the quality differences between the various types of oil. In the spot market, oil is bought and sold for cash and delivered immediately.

   Oil Pricing - natural-resources.canada.ca

   natural-resources.canada.ca/our-natural-resources/energy-sources-distribution/fossil-fuels/crude-oil/oil-pricing/18087

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   How do futures market prices affect oil prices?

   • Media most often quotes the futures market price in the nearest month as representative of the current price of oil. The current spot price for oil is influenced by the futures market price because the futures price represents the market's collective view, at a given point in time, of where prices may be headed. 2015 2014

   Oil Pricing - natural-resources.canada.ca

   natural-resources.canada.ca/our-natural-resources/energy-sources-distribution/fossil-fuels/crude-oil/oil-pricing/18087

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   How does supply and demand affect crude oil prices?

   • Oil is traded globally and can move from one market to another easily by ship, pipeline, or barge. As a result, the supply/demand balance determines the price for crude oil around the world. Prices vary globally to reflect the cost of transporting crude oil to that market and the quality differences between the various types of oil.

   Oil Pricing - natural-resources.canada.ca

   natural-resources.canada.ca/our-natural-resources/energy-sources-distribution/fossil-fuels/crude-oil/oil-pricing/18087

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   How are oil prices measured?

   • Oil prices are measured in US dollars per barrel as reported by Western Canada Select (WCS), the price obtained for many Alberta producers of oil, and West Texas Intermediate (WTI), a world reference price usually quoted in the media.

   Alberta Economic Dashboard | WCS oil price

   economicdashboard.alberta.ca/dashboard/wcs-oil-price/

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2. natural-resources.canada.ca › oil-pricing › 18087Oil Pricing - natural-resources.canada.ca

   natural-resources.canada.ca › oil-pricing › 18087

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   May 17, 2024 · The price of oil is set in the global marketplace. Oil is traded globally and can move from one market to another easily by ship, pipeline, or barge. As a result, the supply/demand balance determines the price for crude oil around the world. Prices vary globally to reflect the cost of transporting crude oil to that market and the quality ...

3. www.statista.com › topics › 2963Oil industry in Canada - statistics & facts | Statista

   www.statista.com › topics › 2963

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   May 22, 2024 · Western Canadian Select (WCS) crude oil monthly price 2022-2024. Average monthly Western Canadian Select (WCS) crude oil price from March 2022 to March 2024 (in U.S. dollars per barrel)

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5. economicdashboard.alberta.ca › dashboard › wcs-oil-priceAlberta Economic Dashboard | WCS oil price

   economicdashboard.alberta.ca › dashboard › wcs-oil-price

   May 24, 2024 · Updated - May 24, 2024. WCS oil price. Oil prices are measured in US dollars per barrel as reported by Western Canada Select (WCS), the price obtained for many Alberta producers of oil, and West Texas Intermediate (WTI), a world reference price usually quoted in the media. On this page: Alberta API. Alberta Economic Dashboard.

6. www.oilsandsmagazine.com › oil-and-gas-pricesOil and Gas Prices | Oil Sands Magazine

   www.oilsandsmagazine.com › oil-and-gas-prices

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   May 24, 2024 · Monthly average oil prices — WTI, Brent, WCS, Cdn Light: Monthly: From Jan 2005: Monthly average gas prices — Henry Hub and AECO 'C' Monthly: From Jan 2005: PURCHASE DATASET ($495 ONE-TIME DOWNLOAD) →: SEE SAMPLE FILE →

7. www.iea.org › reports › oil-market-report-may-2024Oil Market Report - May 2024 – Analysis - IEA

   www.iea.org › reports › oil-market-report-may-2024

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   May 15, 2024 · Brent crude futures traded at around $83/bbl at the time of writing, down nearly $8/bbl from a month earlier despite signs of tightness in the crude oil market.

8. www.eia.gov › petroleum › weeklyThis Week in Petroleum - U.S. Energy Information ...

   www.eia.gov › petroleum › weekly

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   2 days ago · Release Date:May 30, 2024Next Release Date:June 5, 2024. Download data Past Weeks Release schedule Print. PricesCrude OilGasolineDistillatePropane. Notice: Futures Prices after April 5, 2024, are not available.

9. www150.statcan.gc.ca › n1 › daily-quotidienThe Daily — Industrial product and raw materials price ...

   www150.statcan.gc.ca › n1 › daily-quotidien

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   4 days ago · Prices for energy and petroleum products increased for the third consecutive month in April, up 2.5% on a monthly basis. Prices for finished motor gasoline rose 6.7%. Gasoline prices corresponded with the higher price of crude oil and the increased cost of summer blended gasoline. Higher seasonal demand also contributed to the price increase.