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Selected Crude Oil Price Daily November 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
2019-11-01 1.3142 465 510 392 431 286 218
2019-11-02 - - - - - - -
2019-11-03 - - - - - - -
2019-11-04 1.3151 468 516 399 441 284 211
2019-11-05 1.3157 474 522 413 454 290 216
2019-11-06 1.3181 467 514 408 452 289 218
2019-11-07 1.3174 474 520 412 453 282 211
2019-11-08 1.3228 476 524 417 459 287 216
2019-11-09 - - - - - - -
2019-11-10 - - - - - - -
2019-11-11 1.3233 473 519 413 454 299 233
2019-11-12 1.3233 473 521 411 459 314 250
2019-11-13 1.3251 476 526 413 463 324 262
2019-11-14 1.3248 473 525 410 457 337 282
2019-11-15 1.3223 480 532 417 463 348 297
2019-11-16 - - - - - - -
2019-11-17 - - - - - - -
2019-11-18 1.3206 474 519 410 454 340 288
2019-11-19 1.3268 461 509 392 439 304 245
2019-11-20 1.3304 478 524 416 461 321 256
2019-11-21 1.3285 489 527 427 470 331 265
2019-11-22 1.3302 483 527 423 466 326 260
2019-11-23 - - - - - - -
2019-11-24 - - - - - - -
2019-11-25 1.3299 485 527 421 462 324 257
2019-11-26 1.3272 488 532 425 464 329 263
2019-11-27 1.3282 485 532 422 465 323 256
2019-11-28 - - - - - - -
2019-11-29 1.3283 461 512 401 443 302 234
2019-11-30 - - - - - - -
Average 1.3236 475 522 412 456 312 247

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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