Selected Crude Oil Price Daily August 2016

Date Exchange Rate Cdn Light Sweet
Edmonton
Western Canada Select
Hardisty
Cdn Light Sweet
Chicago
WTI
Chicago
Western Canada Select Chicago Brent Montreal
$ Cdn/m3
2016-08-01 1.3041 294 207 332 344 250 360
2016-08-02 1.3089 291 203 329 341 246 356
2016-08-03 1.3080 302 214 340 351 257 367
2016-08-04 1.3025 311 221 348 359 264 375
2016-08-05 1.3180 313 223 351 362 266 379
2016-08-06 - - - - - - -
2016-08-07 - - - - - - -
2016-08-08 1.3164 322 233 360 372 276 388
2016-08-09 1.3117 321 232 359 368 275 383
2016-08-10 1.3060 311 224 349 358 267 374
2016-08-11 1.3007 325 238 363 371 281 389
2016-08-12 1.2945 332 244 369 378 287 394
2016-08-13 - - - - - - -
2016-08-14 - - - - - - -
2016-08-15 1.2922 342 256 379 387 299 405
2016-08-16 1.2862 347 263 385 392 306 410
2016-08-17 1.2885 350 265 388 394 308 416
2016-08-18 1.2775 359 271 396 403 313 421
2016-08-19 1.2878 371 277 409 408 320 422
2016-08-20 - - - - - - -
2016-08-21 - - - - - - -
2016-08-22 1.2942 357 264 394 398 307 410
2016-08-23 1.2902 366 273 404 406 316 416
2016-08-24 1.2940 357 264 394 396 307 409
2016-08-25 1.2937 376 267 414 400 310 414
2016-08-26 1.2947 363 269 400 403 312 417
2016-08-27 - - - - - - -
2016-08-28 - - - - - - -
2016-08-29 1.3019 360 267 398 400 310 414
2016-08-30 1.3076 356 264 394 397 307 408
2016-08-31 1.3124 344 252 382 384 295 399
Average 1.2996 338 248 376 381 290 397

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.