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Dec 30, 2018 · Crude oil prices rose significantly in 2018, and then fell right back down at the end of the year, but what was driving this spectacular volatility?
Western Canadian Select (WCS) is the most important oil price index in Western Canada. The price received by Canadian oil producers is often based on WCS. Limited transportation infrastructure causes a large discount in WCS in relation to West Texas Intermediate (WTI).
Oil Price Charts. Oilprice.com, in cooperation with its partners, offers over 150 crude oil blends and indexes from all around the world, providing users with oil price charts, comparison...
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The WCS price decrease was larger than the percentage decline in WTI, reflecting moderately wider price differentials in 2023 compared to the previous year. Table S1.1 shows historical and forecast prices for crude oil.
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Having fallen by 30% since early October, oil prices stabilised with ICE Brent close to $60/bbl and NYMEX WTI at $52/bbl. Weak demand weighed on gasoline and naphtha markets. Freight rates to transport crude and products have soared to multi-year highs.
