Fig. 3
Source: One Exchange Corp.
Text Alternative: This line chart displays the WTI-WCS monthly average price differential from January 2015 to July 2025. After reaching an average of US$25.30 per barrel in November 2023, the differential narrowed to about US$11.60 per barrel at the startup of the TMEP in May 2024. From June 2024 to July 2025, the differential averaged US$12.00 per barrel.
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