Language selection

Search

Selected Crude Oil Price Daily April 2018 (Canadian dollars per cubic metre)

Date Exchange Rate WTI
Cushing
Brent
Sullom Voe,
UK
Cdn Light Sweet
Edmonton
Synthetic
Edmonton
Western Canada Select
Hardisty
Implied
Bitumen
Hardisty
2018-04-01 - - - - - - -
2018-04-02 1.2894 511 569 479 519 333 302
2018-04-03 1.2908 516 553 476 510 368 302
2018-04-04 1.2809 511 548 468 498 377 316
2018-04-05 1.2776 511 549 468 497 374 312
2018-04-06 1.2764 498 539 453 483 362 299
2018-04-07 - - - - - - -
2018-04-08 - - - - - - -
2018-04-09 1.2729 508 550 461 485 378 318
2018-04-10 1.2618 520 564 474 501 395 339
2018-04-11 1.2584 529 570 482 511 410 357
2018-04-12 1.2596 531 571 484 514 413 360
2018-04-13 1.2597 534 575 487 517 415 361
2018-04-14 - - - - - - -
2018-04-15 - - - - - - -
2018-04-16 1.2579 524 565 477 509 405 351
2018-04-17 1.2552 525 565 478 509 394 341
2018-04-18 1.2614 543 583 487 527 406 389
2018-04-19 1.2633 543 586 487 526 406 349
2018-04-20 1.2728 547 593 491 531 410 352
2018-04-21 - - - - - - -
2018-04-22 - - - - - - -
2018-04-23 1.2833 554 603 497 538 416 359
2018-04-24 1.2828 546 596 489 530 408 351
2018-04-25 1.2869 551 599 494 527 412 356
2018-04-26 1.2862 552 605 495 525 411 353
2018-04-27 1.2857 551 609 494 522 408 349
2018-04-28 - - - - - - -
2018-04-29 - - - - - - -
2018-04-30 1.2836 554 607 505 543 420 364
Average 1.2736 531 576 482 515 396 342

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.

Canadian Light Sweet: Canadian Light Sweet (CLS) is the main Canadian benchmark price for light sweet crude and specifies delivery 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.

Report a problem or mistake on this page
Please select all that apply:

Thank you for your help!

You will not receive a reply. For enquiries, contact us.

Date modified: