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Selected Crude Oil Price Daily January 2017

Date Exchange Rate Cdn Light Sweet Edmonton Western Canada Select Hardisty Cdn Light Sweet Chicago WTI Chicago Western Canada Select Chicago Brent Montreal
2017-01-03 1.3427 416 309 455 458 353 485
2017-01-04 1.3293 419 317 458 461 361 488
2017-01-05 1.3216 423 322 461 462 365 489
2017-01-06 1.3216 424 329 462 464 372 491
2017-01-07 - - - - - - -
2017-01-08 - - - - - - -
2017-01-09 1.3222 407 317 446 448 360 473
2017-01-10 1.3208 397 309 435 438 352 462
2017-01-11 1.3232 409 320 447 450 364 475
2017-01-12 1.3130 411 325 449 453 368 479
2017-01-13 1.3135 407 321 445 448 364 474
2017-01-14 - - - - - - -
2017-01-15 - - - - - - -
2017-01-16 - - - - - - -
2017-01-17 1.3060 405 324 443 447 367 472
2017-01-18 1.3177 398 314 436 439 357 463
2017-01-19 1.3329 404 320 442 446 363 470
2017-01-20 1.3339 413 328 451 456 372 482
2017-01-22 - - - - - - -
2017-01-21 - - - - - - -
2017-01-23 1.3289 415 326 453 457 369 478
2017-01-24 1.3152 414 326 452 455 369 475
2017-01-25 1.3075 410 321 448 449 364 469
2017-01-26 1.3104 419 332 457 459 375 480
2017-01-27 1.3108 414 327 452 454 370 474
2017-01-28 - - - - - - -
2017-01-29 - - - - - - -
2017-01-30 1.3093 409 323 447 449 366 471
2017-01-31 1.3030 408 324 446 448 367 473
Average 1.3192 411 322 449 452 365 476

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.

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