Crude Oil fell to 59.17 USD/Bbl on December 2, 2025, down 0.25% from the previous day. Over the past month, Crude Oil's price has fallen 3.08%, and is down 15.40% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Crude Oil - values, historical data, forecasts and news - updated on December of 2025.

Crude Oil: Avg Price: Western Canada Select Hardisty data was reported at 340.390 CAD/Cub m in 27 Aug 2018. This records a decrease from the previous number of 343.420 CAD/Cub m for 24 Aug 2018. Crude Oil: Avg Price: Western Canada Select Hardisty data is updated daily, averaging 308.695 CAD/Cub m from Jan 2014 (Median) to 27 Aug 2018, with 1214 observations. The data reached an all-time high of 594.090 CAD/Cub m in 20 Jun 2014 and a record low of 121.290 CAD/Cub m in 10 Feb 2016. Crude Oil: Avg Price: Western Canada Select Hardisty data remains active status in CEIC and is reported by Kent Group Ltd.. The data is categorized under Daily Database’s Commodity Prices and Futures – Table CA.DP001: Average Price: Crude Oil.

On October 27, 2025, the Brent crude oil price stood at 65.14 U.S. dollars per barrel, compared to 61.31 U.S. dollars for WTI oil and 67.54 U.S. dollars for the OPEC basket. Oil prices rose slightly that week.Europe's Brent crude oil, the U.S. WTI crude oil, and OPEC's basket are three of the most important benchmarks used by traders as reference for global oil and gasoline prices. Lowest ever oil prices during coronavirus pandemic In 2020, the coronavirus pandemic resulted in crude oil prices hitting a major slump as oil demand drastically declined following lockdowns and travel restrictions. Initial outlooks and uncertainty surrounding the course of the pandemic brought about a disagreement between two of the largest oil producers, Russia and Saudi Arabia, in early March. Bilateral talks between global oil producers ended in agreement on April 13th, with promises to cut petroleum output and hopes rising that these might help stabilize the oil price in the coming weeks. However, with storage facilities and oil tankers quickly filling up, fears grew over where to store excess oil, leading to benchmark prices seeing record negative prices between April 20 and April 22, 2020. How crude oil prices are determined As with most commodities, crude oil prices are impacted by supply and demand, as well as inventories and market sentiment. However, as oil is most often traded in future contracts (where a contract is agreed upon while product delivery will follow in the next two to three months), market speculation is one of the principal determinants for oil prices. Traders make conclusions on how production output and consumer demand will likely develop over the coming months, leaving room for uncertainty. Spot prices differ from futures in so far as they reflect the current market price of a commodity.

Energy Futures employs economic, and energy supply and demand models, to make projections based on a certain set of assumptions of what we know today about technology, energy and climate policies, human behaviour and the structure of the economy. The Canada Energy Regulator issues reports on Energy Futures as well as interactive visualizations. The data provided below is what is used in the visualization tool on the Canada Energy Regulator's website. The source code for the visualization tool is also available.

Crude Oil: Avg Price: Canada Light Sweet Edmonton data was reported at 486.160 CAD/Cub m in 27 Aug 2018. This records an increase from the previous number of 484.930 CAD/Cub m for 24 Aug 2018. Crude Oil: Avg Price: Canada Light Sweet Edmonton data is updated daily, averaging 411.520 CAD/Cub m from Sep 2016 (Median) to 27 Aug 2018, with 518 observations. The data reached an all-time high of 575.680 CAD/Cub m in 10 Jul 2018 and a record low of 330.050 CAD/Cub m in 22 Jun 2017. Crude Oil: Avg Price: Canada Light Sweet Edmonton data remains active status in CEIC and is reported by Kent Group Ltd.. The data is categorized under Daily Database’s Commodity Prices and Futures – Table CA.DP001: Average Price: Crude Oil.

Energy Futures employs economic, and energy supply and demand models, to make projections based on a certain set of assumptions of what we know today about technology, energy and climate policies, human behaviour and the structure of the economy.

Canada Oil & Gas Midstream Market size was valued at USD 16.5 Billion in 2024 and is projected to reach USD 20.4 Billion by 2031, growing at a CAGR of 2.6 % from 2024 to 2031.

The Canada Oil & Gas Midstream Market is driven by the country's vast natural resource reserves, leading to high demand for transportation, storage, and distribution infrastructure. Continued investment in pipeline networks and the expansion of liquefied natural gas (LNG) terminals are key factors propelling market growth, supported by the government’s regulatory frameworks encouraging energy production and export.

Additionally, the increasing demand for energy exports, particularly to the U.S. and global markets, is fueling infrastructure developments. Technological advancements in pipeline safety and monitoring systems also enhance efficiency, ensuring the smooth flow of oil and gas. These factors, combined with the shift towards cleaner energy sources, are shaping the future of the Canadian oil and gas midstream sector.

Discover the booming Canadian oil and gas upstream market. This comprehensive analysis reveals a CAGR exceeding 4.50% and projects market trends through 2033, highlighting key drivers, restraints, and major players like Cenovus Energy and Shell. Explore regional breakdowns and future growth potential. Key drivers for this market are: 4., Declining Solar Panel Costs4.; Supportive Government Policies. Potential restraints include: 4., High Upfront Cost. Notable trends are: Offshore Segment to Witness Significant Growth.

The Energy Futures series explores how possible energy futures might unfold for Canadians over the long term. Canada’s Energy Future 2020: Energy Supply and Demand Projections to 2050 (EF2020) is our latest long-term energy outlook. It is the first outlook in the series to provide projections to 2050. It covers all energy commodities, and all provinces and territories. We use economic and energy models to develop this outlook. We also make assumptions about technology, energy and climate policies, energy markets, human behaviour and the economy.

The Energy Future annual report provides historical and projected monthly marketable natural gas production by gas grouping from the beginning of 2000 to the end of 2018 for each report case. The report presents distinct cases, each of which are based on a set of assumptions, which are described in detail at: https://www.cer-rec.gc.ca/en/data-analysis/canada-energy-future/archive/.

Canada Crude Oil: Avg Price: New York Mercantile Exchange Conventional Gasoline data was reported at 0.734 CAD/l in 27 Aug 2018. This records an increase from the previous number of 0.733 CAD/l for 24 Aug 2018. Canada Crude Oil: Avg Price: New York Mercantile Exchange Conventional Gasoline data is updated daily, averaging 0.549 CAD/l from Jan 2001 (Median) to 27 Aug 2018, with 4601 observations. The data reached an all-time high of 0.980 CAD/l in 01 Sep 2005 and a record low of 0.194 CAD/l in 15 Nov 2001. Canada Crude Oil: Avg Price: New York Mercantile Exchange Conventional Gasoline data remains active status in CEIC and is reported by Kent Group Ltd.. The data is categorized under Daily Database’s Commodity Prices and Futures – Table CA.DP001: Average Price: Crude Oil.

Canada Crude Oil: Avg Price: Synthetic Edmonton data was reported at 537.490 CAD/Cub m in 27 Aug 2018. This records an increase from the previous number of 536.610 CAD/Cub m for 24 Aug 2018. Canada Crude Oil: Avg Price: Synthetic Edmonton data is updated daily, averaging 444.025 CAD/Cub m from Sep 2016 (Median) to 27 Aug 2018, with 518 observations. The data reached an all-time high of 622.910 CAD/Cub m in 10 Jul 2018 and a record low of 351.350 CAD/Cub m in 14 Nov 2016. Canada Crude Oil: Avg Price: Synthetic Edmonton data remains active status in CEIC and is reported by Kent Group Ltd.. The data is categorized under Daily Database’s Commodity Prices and Futures – Table CA.DP001: Average Price: Crude Oil.

Canada CA: Crude Oil: Class A: Opening Stock data was reported at 4.364 Bar bn in 2023. This records a decrease from the previous number of 4.818 Bar bn for 2022. Canada CA: Crude Oil: Class A: Opening Stock data is updated yearly, averaging 4.595 Bar bn from Dec 1961 (Median) to 2023, with 63 observations. The data reached an all-time high of 9.035 Bar bn in 1970 and a record low of 3.401 Bar bn in 1997. Canada CA: Crude Oil: Class A: Opening Stock data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Canada – Table CA.OECD.ESG: Environmental: Mineral and Energy Resources: by Commodity: OECD Member: Annual. Class A refers to commercially recoverable resources; Class B refers to potentially commercially recoverable resources; Class C refers to non-commercial and other known deposits

Canada Crude Oil: Avg Price: West Texas Intemediate Cushing data was reported at 567.190 CAD/Cub m in 27 Aug 2018. This records a decrease from the previous number of 567.720 CAD/Cub m for 24 Aug 2018. Canada Crude Oil: Avg Price: West Texas Intemediate Cushing data is updated daily, averaging 425.260 CAD/Cub m from Jan 2014 (Median) to 27 Aug 2018, with 1214 observations. The data reached an all-time high of 733.710 CAD/Cub m in 03 Mar 2014 and a record low of 229.630 CAD/Cub m in 11 Feb 2016. Canada Crude Oil: Avg Price: West Texas Intemediate Cushing data remains active status in CEIC and is reported by Kent Group Ltd.. The data is categorized under Daily Database’s Commodity Prices and Futures – Table CA.DP001: Average Price: Crude Oil.

The Canada Energy Regulator’s (CER) Energy Futures series explores how possible energy pathways might unfold for Canadians over the long term. The report employs economic and energy models to make projections based on a certain set of assumptions given what we know today about technology, energy and climate policies, human behaviour, and the structure of the economy.

(StatCan Product) Oil and gas commodity data, conventional and non-conventional, marketable production and values for Canada, provinces and territories. Customization details: This information product has been customized to present 2012 energy data from the following sectors: Conventional sector - Royalty Allocation, Alberta only, Principal Statistics , Provinces and Territories, Net Cash Expenditures, Provinces and Territories; Non-Conventional Oil Sector - Value Added, Alberta only, Expenditures, Alberta only. 2012 Data - Marketable Production and Values: Crude oil, Synthetic crude oil, Natural gas, Condensate, Crude bitumen, Pentanes plus, Propane, Butanes, Ethane; Commodity Data, Oil and Gas Extraction; Provinces and Territories.

Supplementary Data for peer-reviewed article published in Energy Economics. Paper published online February 24, 2021.

Canada Exports: BoP: EP: Crude Oil & Crude Bitumen data was reported at 6,042.100 CAD mn in Oct 2018. This records a decrease from the previous number of 6,820.400 CAD mn for Sep 2018. Canada Exports: BoP: EP: Crude Oil & Crude Bitumen data is updated monthly, averaging 1,737.300 CAD mn from Jan 1988 (Median) to Oct 2018, with 370 observations. The data reached an all-time high of 8,739.000 CAD mn in Jul 2014 and a record low of 293.500 CAD mn in Nov 1988. Canada Exports: BoP: EP: Crude Oil & Crude Bitumen data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.JA001: NAPCS 2017: Exports by Commodity.

This data set has the production forecasts from Canada’s Energy Future 2017 Supplement: Oil Sands Production (Appendix Data). https://www.cer-rec.gc.ca/en/data-analysis/canada-energy-future/

The Energy Future annual report provides historical and projected monthly marketable natural gas production by gas grouping from the beginning of 2000 to the end of 2018 for each report case. The report presents distinct cases, each of which are based on a set of assumptions, which are described in detail at: https://www.cer-rec.gc.ca/en/data-analysis/canada-energy-future/archive/.