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Selected Crude Oil Price Daily September 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
2020-09-01 1.3064 351 367 319 332 272 246
2020-09-02 1.3045 341 354 305 319 264 239
2020-09-03 1.3128 342 354 308 322 267 242
2020-09-04 1.3062 327 340 295 309 255 229
2020-09-05 - - - - - - -
2020-09-06 - - - - - - -
2020-09-07 - - - - - - -
2020-09-08 1.3236 306 326 275 290 235 209
2020-09-09 1.3146 315 331 286 302 257 236
2020-09-10 1.3192 310 324 280 295 246 223
2020-09-11 1.3179 309 323 285 300 244 216
2020-09-12 - - - - - - -
2020-09-13 - - - - - - -
2020-09-14 1.3176 309 322 284 298 243 214
2020-09-15 1.3186 317 331 288 302 252 223
2020-09-16 1.3178 333 344 300 319 268 243
2020-09-17 1.3167 339 352 307 328 249 211
2020-09-18 1.3204 341 352 308 329 252 216
2020-09-19 - - - - - - -
2020-09-20 - - - - - - -
2020-09-21 1.3308 329 343 302 321 243 207
2020-09-22 1.3304 331 344 293 321 243 204
2020-09-23 1.3386 335 345 298 321 244 205
2020-09-24 1.3362 338 345 298 323 249 210
2020-09-25 1.3386 338 346 299 322 250 211
2020-09-26 - - - - - - -
2020-09-27 - - - - - - -
2020-09-28 1.3370 341 352 299 323 252 214
2020-09-29 1.3388 331 339 287 310 238 199
2020-09-30 1.3319 337 343 293 316 246 207
Average 1.3228 329 342 296 314 251 219

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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