Selected Crude Oil Price Daily February 2017

Date Exchange Rate Cdn Light Sweet
Edmonton
Western Canada Select
Hardisty
Cdn Light Sweet
Chicago
WTI
Chicago
Western Canada Select Chicago Brent Montreal
2017-02-01 1.3089 418 332 456 459 375 475
2017-02-02 1.3019 411 327 449 454 370 480
2017-02-03 1.3004 415 330 453 456 373 481
2017-02-04 - - - - - - -
2017-02-05 - - - - - - -
2017-02-06 1.3117 411 326 449 453 369 476
2017-02-07 1.3167 405 318 444 448 361 473
2017-02-06 1.3157 406 316 444 449 359 473
2017-02-09 1.3141 411 319 449 454 362 477
2017-02-10 1.3074 416 321 454 458 364 482
2017-02-11 - - - - - - -
2017-02-12 - - - - - - -
2017-02-13 1.3071 409 317 447 451 360 473
2017-02-14 1.3093 412 320 449 454 363 477
2017-02-15 1.3084 410 320 448 453 363 474
2017-02-16 1.3058 412 325 450 454 368 473
2017-02-17 1.3116 414 328 452 456 371 477
2017-02-18 - - - - - - -
2017-02-19 - - - - - - -
2017-02-20 - - - - - - -
2017-02-21 1.3149 423 331 461 463 374 485
2017-02-22 1.3187 420 326 459 460 369 480
2017-02-23 1.3109 424 332 462 464 375 483
2017-02-24 1.3104 425 332 463 460 375 478
2017-02-25 - - - - - - -
2017-02-26 - - - - - - -
2017-02-27 1.3101 421 332 459 461 375 477
2017-02-28 1.3248 423 334 462 466 378 480
Average 1.3110 415 326 453 456 369 478

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.