Selected Crude Oil Price Daily April 2016

Date Exchange Rate Cdn Light Sweet Cdn Heavy Hardisty Cdn Light Chicago WTI NYMEX Chicago Brent Chicago Cdn Heavy Chicago Brent Montreal Brent Sarnia
$ Cdn/m3
2016-04-01 1.3047 270 193 307 318 345 235 341 357
2016-04-02 - - - - - - - - -
2016-04-03 - - - - - - - - -
2016-04-04 1.3036 258 184 295 308 337 226 332 349
2016-04-05 1.3170 263 183 300 313 342 225 337 354
2016-04-06 1.3077 274 188 312 326 356 230 351 368
2016-04-07 1.3163 273 185 310 324 355 227 350 367
2016-04-08 1.2995 288 207 325 340 371 249 365 382
2016-04-09 - - - - - - - - -
2016-04-10 - - - - - - - - -
2016-04-11 1.2913 292 213 329 343 376 255 370 387
2016-04-12 1.2799 305 226 341 355 387 267 382 399
2016-04-13 1.2792 301 220 338 351 383 262 378 395
2016-04-14 1.2836 299 218 336 351 382 259 376 393
2016-04-15 1.2858 291 209 328 342 377 250 370 387
2016-04-16 - - - - - - - - -
2016-04-17 - - - - - - - - -
2016-04-18 1.2815 285 200 322 334 374 242 367 384
2016-04-19 1.2656 292 229 329 342 378 270 372 389
2016-04-20 1.2627 304 242 340 354 388 283 382 399
2016-04-21 1.2710 308 234 345 353 384 275 377 394
2016-04-22 1.2674 313 237 350 356 388 279 382 399
2016-04-23 - - - - - - - - -
2016-04-24 - - - - - - - - -
2016-04-25 1.2680 302 232 338 344 383 274 377 394
2016-04-26 1.2614 322 242 359 365 391 284 385 402
2016-04-27 1.2635 334 254 370 375 403 295 397 414
2016-04-28 1.2544 337 258 373 378 408 299 402 419
2016-04-29 1.2549 335 255 371 378 408 296 402 419
2016-04-30 - - - - - - - - -
Average 1.2819 297 219 334 345 377 261 371 388

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.

Canadian Heavy Hardisty:  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.

Canadian Heavy 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 Chicago:  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 the US Gulf Coast, and transporting by pipeline to Chicago. Tanker rates are obtained from Bloomberg and pipeline toll rates are obtained from the US Federal Energy Regulatory Commission (FERC).

Note: In recent years with the expansion of US domestic production and increased crude imports from Canada, Brent is no longer being shipped to Chicago refineries. Brent Chicago is a hypothetical crude oil price.

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.

Brent Sarnia:  Brent is the main benchmark price for light sweet crude oil 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.

Note: With the reversal of the Enbridge Line 9 pipeline, Brent is no longer being shipped to Sarnia refineries. Brent Sarnia is a hypothetical crude oil price.