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Selected Crude Oil Price Daily June 2020 (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
2020-06-01 1.3573 303 318 284 293 248 234
2020-06-02 1.3519 313 325 295 303 248 233
2020-06-03 1.3495 317 325 289 296 240 221
2020-06-04 1.3500 318 331 285 284 236 214
2020-06-05 1.3422 334 347 309 302 258 237
2020-06-06 - - - - - - -
2020-06-07 - - - - - - -
2020-06-08 1.3382 321 336 295 293 246 225
2020-06-09 1.3417 329 336 295 294 250 229
2020-06-10 1.3412 334 341 306 304 256 235
2020-06-11 1.3629 312 324 291 292 237 217
2020-06-12 1.3589 310 329 293 283 242 224
2020-06-13 - - - - - - -
2020-06-14 - - - - - - -
2020-06-15 1.3572 317 337 289 289 250 233
2020-06-16 1.3541 327 343 292 298 253 236
2020-06-17 1.3565 324 341 292 302 248 228
2020-06-18 1.3600 332 351 302 311 257 238
2020-06-19 1.3607 340 355 308 317 263 244
2020-06-20 - - - - - - -
2020-06-21 - - - - - - -
2020-06-22 1.3522 344 359 308 323 269 250
2020-06-23 1.3550 343 356 305 320 264 243
2020-06-24 1.3638 325 338 288 302 249 228
2020-06-25 1.3638 332 346 297 312 258 241
2020-06-26 1.3688 331 345 290 290 247 227
2020-06-27 - - - - - - -
2020-06-28 - - - - - - -
2020-06-29 1.3659 341 354 301 297 260 242
2020-06-30 1.3576 335 349 295 294 249 229
Average 1.3550 326 340 296 300 251 232

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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