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Selected Crude Oil Price Daily August 2019 (Canadian dollars per cubic metre)

Date Exchange Rate WTI
Cushing
Brent
Sullom Voe,
UK
Mixed Sweet
Blend
Edmonton
Synthetic
Edmonton
Western Canada Select
Hardisty
Implied Bitumen
Hardisty
2019-08-01 - - - - - - -
2019-08-02 1.3207 462 509 444 484 358 320
2019-08-03 - - - - - - -
2019-08-04 - - - - - - -
2019-08-05 1.3204 454 499 439 480 349 311
2019-08-06 1.3281 448 488 433 468 342 304
2019-08-07 1.3303 428 478 414 446 323 287
2019-08-08 1.3227 437 478 417 448 331 296
2019-08-09 1.3222 453 483 430 462 350 319
2019-08-10 - - - - - - -
2019-08-11 - - - - - - -
2019-08-12 1.3239 457 485 425 465 367 346
2019-08-13 1.3223 475 506 443 483 383 361
2019-08-14 1.3319 463 493 428 468 369 346
2019-08-15 1.3313 456 487 426 465 362 341
2019-08-16 1.3269 458 490 425 464 357 336
2019-08-17 - - - - - - -
2019-08-18 - - - - - - -
2019-08-19 1.3324 471 499 440 481 377 358
2019-08-20 1.3319 472 502 438 479 363 337
2019-08-21 1.3291 466 504 431 471 356 330
2019-08-22 1.3303 462 499 428 465 353 328
2019-08-23 1.3283 452 487 416 456 343 318
2019-08-24 - - - - - - -
2019-08-25 - - - - - - -
2019-08-26 1.3254 447 486 413 454 341 316
2019-08-27 1.3283 459 499 428 467 363 345
2019-08-28 1.3306 467 502 437 476 372 354
2019-08-29 1.3287 474 506 441 479 377 360
2019-08-30 - - - - - - -
2019-08-31 - - - - - - -
Average 1.3273 458 494 430 468 357 331

Explanatory Note for Crude Oil Prices

  • All prices are settlement prices, for delivery in the prompt month.
  • Prices are based on daily closing prices 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.
  • NYMEX: The New York Mercantile Exchange (NYMEX), the world's largest physical commodity futures exchange.

West Texas Intermediate Oil: West Texas Intermediate (WTI) is the main benchmark price for light sweet crude in North America and specifies delivery at Cushing, Oklahoma.

Brent: Brent is the main benchmark price for light sweet crude in international markets and specifies delivery at Sullom Voe terminal, United Kingdom.

Western Canadian Select: Western Canada Select (WCS) is the main benchmark price for Canadian heavy crude and specifies delivery at Hardisty, Alberta.

Mixed Sweet Blend: Mixed Sweet Blend (MSW) is the main Canadian benchmark price for mixed light sweet crude, blended at Edmonton, Alberta.

Synthetic Crude Oil (SCO): Synthetic crude oil is a light crude oil that is produced by upgrading bitumen. The contract for synthetic crude oil specifies delivery at Edmonton, Alberta.

Implied Bitumen Price: The implied bitumen price is derived from the price of Western Canadian Select (WCS), which is assumed to have a blend composition of 30% condensate and 70% bitumen. The value of the condensate is subtracted from the WCS price to arrive at the implied price of bitumen. The implied bitumen price represents the value of bitumen extracted from the oil sands before condensate is added to allow the oil to flow through pipelines.

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