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Selected Crude Oil Price Daily April 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
2020-04-01 1.4191 181 182 70 78 47 32
2020-04-02 1.4138 220 222 92 100 78 67
2020-04-03 1.4205 253 267 116 120 107 98
2020-04-04 - - - - - - -
2020-04-05 - - - - - - -
2020-04-06 1.4111 231 249 81 84 79 67
2020-04-07 1.3993 208 236 59 59 35 20
2020-04-08 1.4013 221 245 88 105 64 57
2020-04-09 1.3976 200 234 65 77 39 34
2020-04-10 - - - - - - -
2020-04-11 - - - - - - -
2020-04-12 - - - - - - -
2020-04-13 1.3904 196 237 59 70 35 32
2020-04-14 1.3883 176 215 94 85 50 54
2020-04-15 1.4115 176 197 97 109 66 72
2020-04-16 1.4082 176 206 77 87 64 69
2020-04-17 1.4001 161 211 58 124 98 131
2020-04-18 - - - - - - -
2020-04-19 - - - - - - -
2020-04-20 1.4149 -335 203 91 122 82 82
2020-04-21 1.4211 89 155 41 36 34 35
2020-04-22 1.4161 109 173 53 78 44 23
2020-04-23 1.4073 139 178 85 98 72 54
2020-04-24 1.4103 142 183 91 93 73 53
2020-04-25 - - - - - - -
2020-04-26 - - - - - - -
2020-04-27 1.4034 113 161 69 80 57 52
2020-04-28 1.3998 109 165 68 75 44 43
2020-04-29 1.3881 131 180 90 93 64 61
2020-04-30 1.3945 165 208 128 128 99 88
Average 1.4056 146 205 80 91 63 58

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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