User:Oceanflynn/sandbox/Price of WCS

Price of Western Canadian Select

Western Canadian Select was among the cheapest crude oils in the world with a price of US$37.26/bbl on 30 December 2014, its lowest price since April 2009. Crude prices are typically quoted at a particular location. Unless otherwise stated, the price of WCS is quoted at Hardisty and the price of West Texas Intermediate (WTI) is quoted at Cushing, Oklahoma. By December 2014 the price of benchmark crude oils, WTI and ICE Brent, had dropped fifty per cent (WTI at US$54.13/bbl) from a high in June 2014 with WTI priced above US$107/bbl and Brent above US$115/bbl. WCS, a bitumen-derived crude, is a heavy crude that is similar to Californian heavy crudes, Mexico's Maya crude or Venezuelan heavy crude oils.


 * 30 December 2014

WCS US$37.26 WTI $US53.41 Differential $US16.15


 * 19 December US$38.13/bbl on 19 December 2014,

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