Language selection

Search


Selected Crude Oil Price Daily – September 2018 (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
2018-09-01 - - - - - - -
2018-09-02 - - - - - - -
2018-09-03 - - - - - - -
2018-09-04 1.3182 579 643 496 549 372 292
2018-09-05 1.3185 570 635 479 528 373 297
2018-09-06 1.3188 562 633 429 494 338 262
2018-09-07 1.3164 561 635 428 493 337 261
2018-09-08 - - - - - - -
2018-09-09 - - - - - - -
2018-09-10 1.3163 559 638 427 476 327 248
2018-09-11 1.3141 572 654 415 469 316 247
2018-09-12 1.3014 576 653 421 470 302 219
2018-09-13 1.2997 561 641 411 467 279 200
2018-09-14 1.3033 566 641 410 463 270 184
2018-09-15 - - - - - - -
2018-09-16 - - - - - - -
2018-09-17 1.3019 564 638 409 454 278 195
2018-09-18 1.2992 571 643 416 454 307 234
2018-09-19 1.2947 579 645 424 470 316 234
2018-09-20 1.2905 575 637 437 473 297 199
2018-09-21 1.2916 583 635 437 474 298 199
2018-09-22 - - - - - - -
2018-09-23 - - - - - - -
2018-09-24 1.2935 595 657 456 489 312 217
2018-09-25 1.2948 591 661 458 491 308 210
2018-09-26 1.2975 584 663 454 486 303 205
2018-09-27 1.3045 592 668 432 481 303 200
2018-09-28 1.2945 596 675 442 474 312 211
2018-09-29 - - - - - - -
2018-09-30 - - - - - - -
Average 1.3037 576 647 436 482 313 227

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.

Page details

Report a problem 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: