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TABLE A2 –57: CRUDE OIL PRICES CANADIAN AND US$ PER BARREL, 1991 – 2006

W.T.I. at Chicago 1 Canadian Par in Edmonton 2

(US$) (CAN$) (CAN$)
1991 16.11 18.53 23.36
1992 16.31 19.74 23.52
1993 15.67 20.21 21.82
1994 15.45 21.16 21.85
1995 16.61 22.76 24.05
1996 19.54 26.58 29.23
1997 18.58 25.64 27.64
1998 13.88 20.54 20.28
1999 18.61 27.73 27.38
2000 30.72 45.77 44.33
2001 26.45 41.00 39.20
2002 26.53 41.65 40.08
2003 31.53 44.14 43.36
2004 41.85 55.25 52.71
2005 57.04 69.11 69.12
2006 66.66 75.62 73.16
Percentage change 2003/04 32.7 25.2 21.6
Percentage change 2004/05 36.3 25.1 31.1
Percentage change 2005/06 16.9 9.4 5.8
  1. West Texas Intermediate crude oil – reference price.
  2. Price of domestic crude oil equivalent to W.T.I., as quoted in Edmonton.

Source: M.J. Ervin & Associates


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