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Selected Crude Oil Price Daily April 2021 (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
2021-04-01 1.2548 485 506 468 505 405 367
2021-04-02 - - - - - - -
2021-04-03 - - - - - - -
2021-04-04 - - - - - - -
2021-04-05 1.2525 462 484 445 478 385 345
2021-04-06 1.2566 469 489 448 480 390 351
2021-04-07 1.2609 474 495 448 475 392 353
2021-04-08 1.2562 471 497 447 473 389 352
2021-04-09 1.2530 468 494 444 470 387 350
2021-04-10 - - - - - - -
2021-04-11 - - - - - - -
2021-04-12 1.2563 472 496 447 473 390 353
2021-04-13 1.2535 474 502 449 472 391 355
2021-04-14 1.2521 497 520 460 493 409 371
2021-04-15 1.2543 501 525 466 492 409 368
2021-04-16 1.2508 497 523 460 485 405 363
2021-04-17 - - - - - - -
2021-04-18 - - - - - - -
2021-04-19 1.2535 500 528 464 489 408 366
2021-04-20 1.2609 495 523 465 485 402 364
2021-04-21 1.2497 482 507 448 472 386 349
2021-04-22 1.2507 483 512 453 477 391 352
2021-04-23 1.2476 488 513 457 481 394 356
2021-04-24 - - - - - - -
2021-04-25 - - - - - - -
2021-04-26 1.2398 483 508 450 475 388 350
2021-04-27 1.2399 491 514 459 483 399 362
2021-04-28 1.2314 495 515 464 487 400 363
2021-04-29 1.2283 502 525 474 497 412 376
2021-04-30 1.2287 491 514 462 484 398 362
Average 1.2495 485 509 456 482 397 358

Note: Prices are not reported on weekends and American statutory holidays.

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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