Oil Price in Canada — Brent & WTI Crude Today
Live Brent and WTI crude oil prices with real-time charts. Track how global oil prices affect energy costs in Canada. Canada consumes approximately 2.4 million bbl/day of crude oil.
Brent Crude Oil
$73.79
USD / barrel
Updated: 2026/3/29 01:35:47
WTI Crude Oil
$70.02
USD / barrel
Updated: 2026/3/29 01:35:47
Brent–WTI Spread
$3.77
Brent $73.79 − WTI $70.02
The Brent-WTI spread reflects the price premium of Brent over WTI crude oil. A moderate spread suggests normal market conditions.
Oil Market & Canada
Canada is one of the world's top oil producers, with vast oil sands reserves in Alberta. Canadian heavy crude (Western Canadian Select) trades at a discount to both Brent and WTI, but international Brent prices still influence Canadian energy revenues.
As an oil-producing nation, Canada's government revenues and economic outlook are closely linked to global crude prices. OPEC+ decisions, geopolitical tensions, and demand forecasts from major consuming nations all influence the price of oil that Canada produces and trades.