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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.
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 news: Oil holds above US$85 as traders await fresh U.S. stockpile data
Jun 8, 2022 · 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 widest...
1 day ago · The more liquid September Brent contract was up 0.7 per cent at $85.87 a barrel. U.S. West Texas Intermediate crude futures for August delivery rose 61 cents, or 0.75 per cent, to $82.35 a barrel ...
Crude oil prices & gas price charts. Oil price charts for Brent Crude, WTI & oil futures. Energy news covering oil, petroleum, natural gas and investment advice.
1 day ago · June 27, 2024 at 5:11 AM PDT. Listen. 2:44. A sudden and surprising upturn in the world’s most important oil price may be set to ease off thanks to an influx of supply from the US. Over the past ...
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 ...
