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- A barrel of the North American oil benchmark is changing hands for about $90 US a barrel right now, but the heavy crude that comes from Canada's oilsands is fetching $30 less because of a perfect storm of imbalances between supply and demand. The oil blend known as West Texas Intermediate (WTI) was going for about $87 a barrel on Thursday.
Oil price news: Oil holds above US$85 as traders await fresh U.S. stockpile data
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).
Jun 8, 2022 · Analysis. Why high oil prices aren't creating an economic boom in Canada. Typically that discount is about $10-$15 US a barrel, but recent events have pushed the gap to beyond $20. That's the...
- 2 min
- Pete Evans
Oct 14, 2022 · The oil blend known as West Texas Intermediate (WTI) was going for about $87 a barrel on Thursday. That's down from recent highs, but still far more than the price offered for every barrel of...
Get crude oil prices in realtime, including live charts for WTI, crude oil futures prices, historical data, news & analysis.
We cover breaking news and updates on Canada's oil and gas businesses, with stories on prices, stocks, product and trade developments.
Dec 12, 2023 · This fall has seen oil prices take on a gradual — and often bumpy — decline, an about-face from multiple bullish forecasts in September that projected the return of $100 US oil before the end...
