Selected Crude Oil Price Daily November 2016

Date Exchange Rate Cdn Light Sweet Edmonton Western Canada Select Hardisty Cdn Light Sweet Chicago WTI Chicago Western Canada Select Chicago Brent Montreal
2016-11-01 1,3379 360 272 398 409 315 420
2016-11-02 1,3390 349 261 387 398 304 408
2016-11-03 1,3386 344 251 382 392 295 404
2016-11-04 1,3412 340 247 379 388 290 397
2016-11-05 - - - - - - -
2016-11-05 - - - - - - -
2016-11-07 1,3383 346 252 385 394 296 401
2016-11-08 1,3337 346 251 384 393 294 399
2016-11-09 1,3408 349 253 388 398 297 404
2016-11-10 1,3408 333 237 372 382 281 390
2016-11-11 1,3408 333 237 372 382 281 394
2016-11-12 - - - - - - -
2016-11-13 - - - - - - -
2016-11-14 1,3582 336 240 375 386 284 396
2016-11-15 1,3468 354 258 393 404 302 414
2016-11-16 1,3426 351 256 389 401 299 410
2016-11-17 1,3429 346 251 384 395 294 409
2016-11-18 1,3519 355 274 393 404 318 417
2016-11-19 - - - - - - -
2016-11-20 - - - - - - -
2016-11-21 1,3437 368 272 406 417 315 432
2016-11-22 1,3444 371 275 409 422 319 434
2016-11-23 1,3470 370 275 409 422 319 433
2016-11-24 - - - - - - -
2016-11-25 1,3514 354 259 393 407 303 420
2016-11-26 - - - - - - -
2016-11-27 - - - - - - -
2016-11-28 1,3401 358 264 396 413 308 425
2016-11-29 1.3435 345 250 383 398 293 411
2016-11-30 1,3426 378 286 417 433 329 445
Average 1,3432 352 258 390 402 302 412

Explanatory Note for Crude Oil Prices

  • All prices are settlement prices, for delivery in the prompt month.
  • NYMEX:  The New York Mercantile Exchange (NYMEX), the world's largest physical commodity futures exchange.

Western Canadian Select:  Western Canada Select (WCS) is the main benchmark price for Canadian heavy crude and specifies delivery at Hardisty, Alberta. Prices are based on daily closing prices for WCS posted on NYMEX in US dollars per barrel. Prices are converted to Canadian dollars per cubic metre using the Bank of Canada’s daily noon exchange rate and applying a volumetric ratio (6.29:1) to convert the price per barrel to a price per cubic metre.

Western Canadian Select Chicago:  Prices are based on Canadian Heavy Hardisty with pipeline tolls added for transportation to refineries in the Chicago area. Pipeline toll rates are obtained from the National Energy Board (NEB) and the US Federal Energy Regulatory Commission (FERC) which regulate pipeline tolls in Canada and the US respectively.

Canadian Light Sweet:  Canadian Light Sweet (CLS) is the main Canadian benchmark price for light sweet crude and specifies delivery at Edmonton, Alberta. Prices are based on daily closing prices for CLS crude posted on NYMEX in US dollars per barrel. Prices are converted to Canadian dollars per cubic metre using the Bank of Canada’s daily noon exchange rate and applying a volumetric ratio (6.29:1) to convert the price per barrel to a price per cubic metre.

Canadian Light Sweet Chicago:  Prices are based on Canadian Light Sweet with pipeline tolls added for transportation to refineries in the Chicago area. Pipeline toll rates are obtained from the National Energy Board (NEB) and the US Federal Energy Regulatory Commission (FERC) which regulate pipeline tolls in Canada and the US respectively.

West Texas Intermediate Chicago:  West Texas Intermediate (WTI) is the main benchmark price for light sweet crude in North America and specifies delivery at Cushing, Oklahoma. Prices are based on daily closing prices for WTI posted on NYMEX in US dollars per barrel. Prices are converted to Canadian dollars per cubic metre using the Bank of Canada’s daily noon exchange rate and applying a volumetric ratio (6.29:1) to convert the price per barrel to a price per cubic metre. Pipeline tolls are added for transport from Cushing to Chicago with toll rates obtained from the US Federal Energy Regulatory Commission (FERC) which regulates pipeline tolls in the US.

Brent Montreal:  Brent is the main benchmark price for light sweet crude in international markets and specifies delivery at Sullom Voe terminal, United Kingdom. Prices are based on daily closing prices for Brent posted on NYMEX in US dollars per barrel. Prices are converted to Canadian dollars per cubic metre using the Bank of Canada’s daily noon exchange rate and applying a volumetric ratio (6.29:1) to convert the price per barrel to a price per cubic metre. Transportation costs are added for shipping Brent crude by tanker to Portland, Maine, where it is transferred to a pipeline and transported to Montreal. Tanker rates are obtained from Bloomberg and pipeline toll rates are obtained from the National Energy Board (NEB) and the US Federal Energy Regulatory Commission (FERC) which regulate pipeline tolls in Canada and the US respectively.