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By December 14, 2015, with the price of WTI at $35 a barrel, WCS fell "75 percent to $21.82," the lowest in seven years and Mexico's Maya heavy crude was down "73 percent in 18 months to $27.74". [26] By December 2015 the price of WCS was US$23.46, the lowest price since December 2008 [42] and The WTI-WCS differential was US$13.65. [43]
Since 2011, WTI has traded at lower prices than Brent. Brent Blend Brent ... In contrast, WCS is a heavy crude oil with an API gravity level of 20.5°." [6]
WCS for delivery at the Hardisty, Alberta, hub is trading close to $30 a barrel under WTI, having averaged $16.67 a barrel below WTI for the first three quarters of 2022.
The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil, Isthmus, and Western Canadian Select (WCS). [1 ...
West Texas Intermediate (WTI) is a grade or mix of crude oil; the term is also used to refer to the spot price, the futures price, or assessed price for that oil. In colloquial usage, WTI usually refers to the WTI Crude Oil futures contract traded on the New York Mercantile Exchange (NYMEX).
The three most quoted oil products are North America's West Texas Intermediate crude (WTI), North Sea Brent Crude, and the UAE Dubai Crude, and their pricing is used as a barometer for the entire petroleum industry, although, in total, there are 46 key oil exporting countries. Brent Crude is typically priced at about $2 over the WTI Spot price ...
English: The chart in the figure shows the change in WTI oil prices between 2013 and 2023 (data availability by CNBC). The x-axis of the graph shows dots of different colours for each year, representing the start price, end price, and the highest and lowest prices for each year. y-axis represents the price of oil in US dollars per barrel.
The price per barrel of heavier, sour crude oils lacking in tidewater access—such as Western Canadian Select (WCS) from the Athabaska oil sands, are priced at a differential to the lighter, sweeter oil—such as West Texas Intermediate (WTI). The price is based on its grade—determined by factors such as its specific gravity or API and its ...