NOW YOU KNOW – OIL PRICES: Western Canada Select (WCS) vs West Texas Intermediate (WTI) – What is the Difference and Why is There a Discount?

By EnergyNow Staff Western Canada Select (WCS) and West Texas Intermediate (WTI) are both crude oil benchmarks, but they differ in quality, location, and market dynamics — which is why WCS typically trades at a discount to WTI. 1. What They Are WTI (West Texas Intermediate) A light, sweet crude oil (low density, low sulfur). … Read more