Oil & Gas Prices Today
Real-time commodity futures & Canadian energy indices · Prices in USD unless noted
The WTI–WCS Differential (Alberta Discount)
Western Canadian Select (WCS) consistently trades at a discount to WTI because it is a heavy, sour (high-sulphur) blend that requires more complex refining. Pipeline constraints from the Alberta oil sands to export terminals widen this differential further — sometimes by US$20–30/bbl during periods of congestion. Expansions such as the Trans Mountain Pipeline Expansion (TMX) aim to reduce this discount by opening Pacific tidewater access and increasing competition among buyers.
Rule of thumb: WCS ≈ WTI − $12 to $20/bbl under normal pipeline conditions.
WTI Crude (CL1!)
West Texas Intermediate — the NYMEX front-month futures contract, delivered at Cushing, Oklahoma. The primary North American crude benchmark.
Brent Crude (BB1!)
Brent Crude — ICE front-month futures. The global benchmark for approximately two-thirds of the world's traded crude oil.
NYMEX Natural Gas (NG1!)
Henry Hub Natural Gas — NYMEX front-month futures, priced in $/MMBtu. The primary North American natural gas benchmark.
TSX Energy (TTEN)
S&P/TSX Capped Energy Index — tracks the performance of energy companies listed on the Toronto Stock Exchange.
XLE — Energy Select Sector
The Energy Select Sector SPDR Fund — tracks major US energy companies including ExxonMobil, Chevron, ConocoPhillips, and Schlumberger.
CAD/USD Exchange Rate
Critical for Canadian producers — oil is priced in USD, so the CAD/USD rate directly impacts revenue when converted to Canadian dollars.
Market data provided by TradingView. Prices may be delayed. Not financial advice.