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Average annual WCS oil price 2005-2020

The Western Canadian Select oil price reached its lowest ever annual average in 2020, at 26.81 U.S. dollars per barrel. This was roughly a third of the annual average in 2008, when WCS had peaked at 79.59 U.S. dollars per barrel. The coronavirus pandemic has had huge implications for the global oil industry, with many 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.

Average annual Western Canadian Select (WCS) oil price from 2005 to 2020

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Source

Release date

January 2021

Region

Canada

Survey time period

2005 to 2020

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