oil benchmarks falling to record lows. The lowest daily closing price for WCS was 3.81 U.S. dollars per barrel on April 21, 2020.
In 2022, the annual average WCS oil price was 76.01 U.S. dollars per barrel. In 2020, Western Canadian Select had reached its lowest ever annual average, at 26.81 U.S. dollars per barrel. This was roughly a third of the annual average in 2022. The coronavirus pandemic has had huge implications for the global oil industry, with many Average annual Western Canadian Select (WCS) oil price from 2005 to 2022 (in U.S. dollars per barrel)
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Alberta Energy. (October 30, 2023). Average annual Western Canadian Select (WCS) oil price from 2005 to 2022 (in U.S. dollars per barrel) [Graph]. In Statista. Retrieved May 21, 2024, from https://www.statista.com/statistics/748209/wcs-oil-price-historical/
Alberta Energy. "Average annual Western Canadian Select (WCS) oil price from 2005 to 2022 (in U.S. dollars per barrel)." Chart. October 30, 2023. Statista. Accessed May 21, 2024. https://www.statista.com/statistics/748209/wcs-oil-price-historical/
Alberta Energy. (2023). Average annual Western Canadian Select (WCS) oil price from 2005 to 2022 (in U.S. dollars per barrel). Statista. Statista Inc.. Accessed: May 21, 2024. https://www.statista.com/statistics/748209/wcs-oil-price-historical/
Alberta Energy. "Average Annual Western Canadian Select (Wcs) Oil Price from 2005 to 2022 (in U.S. Dollars per Barrel)." Statista, Statista Inc., 30 Oct 2023, https://www.statista.com/statistics/748209/wcs-oil-price-historical/
Alberta Energy, Average annual Western Canadian Select (WCS) oil price from 2005 to 2022 (in U.S. dollars per barrel) Statista, https://www.statista.com/statistics/748209/wcs-oil-price-historical/ (last visited May 21, 2024)
Average annual Western Canadian Select (WCS) oil price from 2005 to 2022 (in U.S. dollars per barrel) [Graph], Alberta Energy, October 30, 2023. [Online]. Available: https://www.statista.com/statistics/748209/wcs-oil-price-historical/