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Oil prices: Heavy discounts to Canada's heavy crude benchmark

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17 August 2015

Oil prices: Heavy discounts to Canada's heavy crude benchmark

Report summary

WCS, the heavy Canadian crude benchmark, reached US$ 24.60 per barrel on August 11th, the lowest levels since 2008. The WTI-WCS differential widened from US$ 7-8 / bbl in June to over US$ 18 / bbl in early August. This reversal in fortunes was caysed vt a trifecta of factors impacting supply, demand and transportation of the crude. 

Table of contents

  • Oil prices: Heavy discounts to Canada's heavy crude benchmark

Tables and charts

This report includes 2 images and tables including:

  • The price of WCS has declined significantly
  • From 5-year lows to record highs

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    Oil prices: Heavy discounts to Canada's heavy crude benchmark

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