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Selected Crude Oil Price Daily July 2019 (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
2019-07-01 1.3135 488 539 453 492 382 354
2019-07-02 1.3108 464 512 422 467 353 324
2019-07-03 1.3058 471 522 431 476 363 334
2019-07-04 - - - - - - -
2019-07-05 - - - - - - -
2019-07-08 1.3096 475 526 440 482 373 342
2019-07-09 1.3128 478 530 445 486 381 351
2019-07-10 1.3082 497 547 463 505 400 370
2019-07-11 1.3072 495 548 459 505 404 376
2019-07-12 1.3028 493 551 460 496 407 381
2019-07-13 - - - - - - -
2019-07-14 - - - - - - -
2019-07-15 1.3049 489 542 450 492 401 375
2019-07-16 1.3088 474 529 439 484 401 383
2019-07-17 1.3054 466 520 432 474 346 375
2019-07-18 1.3027 453 508 422 464 335 298
2019-07-19 1.3059 457 512 429 471 339 302
2019-07-20 - - - - - - -
2019-07-21 - - - - - - -
2019-07-22 1.3119 464 518 433 475 342 304
2019-07-23 1.3136 468 527 439 481 347 309
2019-07-24 1.3142 460 517 430 470 339 301
2019-07-25 1.3165 462 519 437 477 344 305
2019-07-26 1.3166 465 521 440 476 349 311
2019-07-27 - - - - - - -
2019-07-28 - - - - - - -
2019-07-29 1.3164 471 525 448 487 357 318
2019-07-30 1.3151 480 535 458 496 363 323
2019-07-31 1.3191 486 532 461 507 375 340

Average

1.3106 474 528 443 484 367 337

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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