Language selection

Search

Selected Crude Oil Price Daily January 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
2018-01-02 1.2517 475 524 420 458 278 190
2018-01-03 1.2533 486 535 420 462 297 220
2018-01-04 1.2515 488 536 421 457 292 214
2018-01-05 1.2403 479 528 413 449 284 205
2018-01-06 - - - - - - -
2018-01-07 - - - - - - -
2018-01-08 1.2422 482 530 422 451 284 201
2018-01-09 1.2454 493 539 435 465 292 210
2018-01-10 1.2496 500 544 445 474 300 221
2018-01-11 1.2535 503 546 449 481 303 223
2018-01-12 1.2504 506 550 454 486 311 232
2018-01-13 - - - - - - -
2018-01-14 - - - - - - -
2018-01-15 - - - - - - -
2018-01-16 1.2419 498 540 444 472 334 267
2018-01-17 1.2425 500 542 446 486 314 238
2018-01-18 1.2446 501 543 447 486 310 231
2018-01-19 1.2459 497 538 448 484 287 201
2018-01-20 - - - - - - -
2018-01-21 - - - - - - -
2018-01-22 1.2458 497 541 440 482 290 207
2018-01-23 1.2454 505 548 451 484 288 201
2018-01-24 1.2341 509 547 455 490 290 203
2018-01-25 1.2323 508 546 454 489 290 203
2018-01-26 1.2321 513 547 458 498 299 214
2018-01-27 - - - - - - -
2018-01-28 - - - - - - -
2018-01-29 1.2335 509 539 454 495 291 204
2018-01-30 1.2328 500 535 444 487 280 191
2018-01-31 1.2293 501 534 444 487 276 186
Average 1.2428 498 540 441 477 295 213

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: