Selected Crude Oil Price Daily December 2016

Date Exchange Rate Cdn Light Sweet Edmonton Western Canada Select Hardisty Cdn Light Sweet Chicago WTI Chicago Western Canada Select Chicago Brent Montreal
2016-12-01 1.3331 389 298 427 444 341 442
2016-12-02 1.3298 395 297 433 448 341 470
2016-12-03 - - - - - - -
2016-12-04 - - - - - - -
2016-12-05 1.3272 396 303 434 448 346 471
2016-12-06 1.3281 390 296 428 441 340 463
2016-12-07 1.3252 379 286 417 430 329 454
2016-12-08 1.3221 387 295 425 438 338 461
2016-12-09 1.3164 392 299 430 442 343 469
2016-12-10 - - - - - - -
2016-12-11 - - - - - - -
2016-12-12 1.3140 403 311 441 453 354 479
2016-12-13 1.3120 403 310 441 453 353 479
2016-12-14 1.3123 386 294 424 437 337 464
2016-12-15 1.3397 393 299 432 445 343 474
2016-12-16 1.3380 401 307 440 453 351 479
2016-12-17 - - - - - - -
2016-12-18 - - - - - - -
2016-12-19 1.3397 407 309 446 455 353 477
2016-12-20 1.3378 408 310 446 455 353 480
2016-12-21 1.3401 412 313 450 458 356 473
2016-12-22 1.3468 418 313 457 464 356 481
2016-12-23 1.3535 421 314 460 467 358 483
2016-12-24 - - - - - - -
2016-12-25 - - - - - - -
2016-12-26 - - - - - - -
2016-12-27 1.3535 429 321 467 475 365 491
2016-12-28 1.3556 431 323 469 477 367 492
2016-12-29 1.3488 427 319 465 472 363 489
2016-12-30 1.3438 426 318 464 470 362 487
Average 1.3342 404 306 443 454 350 474

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.