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Selected Crude Oil Price Daily October 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
2019-10-01 1.3221 446 495 405 438 341 308
2019-10-02 1.3326 441 484 399 429 323 285
2019-10-03 1.3337 440 486 398 434 318 278
2019-10-04 1.3314 442 492 403 437 320 277
2019-10-05 - - - - - - -
2019-10-06 - - - - - - -
2019-10-07 1.3309 442 491 407 440 311 261
2019-10-08 1.3325 441 487 406 440 306 247
2019-10-09 1.3333 441 489 417 451 302 240
2019-10-10 1.3291 448 497 425 457 316 257
2019-10-11 1.3203 454 502 426 460 320 265
2019-10-12 - - - - - - -
2019-10-13 - - - - - - -
2019-10-14 1.3234 446 493 416 451 309 255
2019-10-15 1.3199 438 485 408 447 312 261
2019-10-16 1.3202 443 486 420 456 307 252
2019-10-17 1.3137 446 492 422 458 315 262
2019-10-18 1.3127 444 487 413 455 304 252
2019-10-17 - - - - - - -
2019-10-18 - - - - - - -
2019-10-21 1.3089 439 482 390 434 302 251
2019-10-22 1.3095 446 486 395 435 310 259
2019-10-23 1.3072 459 498 407 446 319 270
2019-10-24 1.3071 461 501 411 446 325 277
2019-10-25 1.3058 464 505 414 449 326 278
2019-10-26 - - - - - - -
2019-10-27 - - - - - - -
2019-10-28 1.3055 458 501 411 442 319 271
2019-10-29 1.3087 457 501 411 440 319 268
2019-10-30 1.3159 456 497 409 440 299 241
2019-10-31 1.3164 449 493 391 431 290 232

Average

1.3192 448 493 409 444 314 263

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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