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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.
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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...
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,...
This page introduces the oil price indices West Texas Intermediate (WTI) and Western Canadian Select (WCS). These are both important oil price benchmarks.
Canada is one of the world's largest exporters of commodities, including crude oil. Crude oil exports account for 10% of Canada's GDP. USD/CAD and the oil price have a positive correlation. (The y-axis to USD/CAD is reversed.)
Get crude oil prices in realtime, including live charts for WTI, crude oil futures prices, historical data, news & analysis.
Apr 25, 2019 · High crude oil prices also mean higher USD earnings for Canada on its exports, meaning a strong supply of US dollars flowing into Canada, resulting in an increase in the value of the Canadian...
May 17, 2024 · Prices vary globally to reflect the cost of transporting crude oil to that market and the quality differences between the various types of oil. Spot Markets versus Futures Markets for Crude Oil In the spot market, oil is bought and sold for cash and delivered immediately.
