Selected Crude Oil Price Daily October 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
2016-10-01 - - - - - - -
2016-10-02 - - - - - - -
2016-10-03 1.3137 380 288 418 419 331 421
2016-10-04 1.3170 380 287 418 419 331 437
2016-10-05 1.3178 389 297 427 429 340 445
2016-10-06 1.3210 395 303 433 435 346 452
2016-10-07 1.3304 392 302 430 433 345 449
2016-10-08 - - - - - - -
2016-10-09 - - - - - - -
2016-10-10 1.3104 399 310 437 439 353 452
2016-10-11 1.3239 398 309 437 439 352 451
2016-10-12 1.3277 394 306 432 435 350 447
2016-10-13 1.3219 395 305 433 435 348 447
2016-10-14 1.3168 392 301 430 433 344 443
2016-10-15 - - - - - - -
2016-10-16 - - - - - - -
2016-10-17 1.3138 388 296 426 428 339 438
2016-10-18 1.3104 390 299 428 430 342 438
2016-10-19 1.3109 401 306 439 441 349 447
2016-10-20 1.3198 394 299 433 435 342 439
2016-10-21 1.3324 404 312 442 442 356 447
2016-10-22 - - - - - - -
2016-10-23 - - - - - - -
2016-10-24 1.3388 394 311 432 441 355 446
2016-10-25 1.3334 388 306 426 435 349 439
2016-10-26 1.3360 382 291 420 429 335 433
2016-10-27 1.3386 386 297 424 434 340 438
2016-10-28 1.3385 383 285 421 426 329 432
2016-10-30 - - - - - - -
2016-10-31 1.3403 363 274 401 411 317 420
Average 1.3245 390 299 428 432 343 441

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.