WTI Crude Oil:$72.30 USD/bbl-0.45%
Gold:$2024.50 USD/oz+0.75%
Silver:$23.15 USD/oz-0.25%
Natural Gas:$2.85 USD/MMBtu+0.15%

Alberta Energy Market Overview

Latest commodity prices and market trends from Alberta's energy sector

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WCS (Western Canadian Select)

8.91%
$55.90USD/bbl

Western Canadian Select crude oil prices reflect market conditions in Alberta.

WTI Crude Oil

8.4%
$70.24USD/bbl

WTI crude oil serves as the North American benchmark price.

Natural Gas (AECO)

0.15%
$2.85CAD/GJ

AECO is the primary natural gas trading price point in Alberta.

Oil Sands Index

0.32%
$65.45USD/bbl

Composite index tracking major Alberta oil sands producers.

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Price Analysis Summary

Current WCS Price

$55.9/bbl

Current WTI Price

$70.24/bbl

WTI-WCS Differential

$14.34/bbl(20.4% discount)

The Western Canadian Select (WCS) currently trades at a $14.34 discount to WTI, representing a 20.4% differential. This spread reflects transportation costs, quality differences, and market access constraints.

Historical Price Comparison

WTI-WCS Price Differential

Latest Alberta Oil News

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Market Analysis

The Western Canadian Select (WCS) benchmark has shown significant volatility over the past months, influenced by global market conditions and regional factors. The differential between WCS and WTI prices continues to be a critical metric for Alberta's energy sector.

Key observations from recent data:

  • WCS prices have maintained an upward trend since December 2023
  • The WTI-WCS differential has remained relatively stable
  • Market access constraints continue to impact pricing