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Selected Crude Oil Price Daily December 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
2019-12-01 - - - - - - -
2019-12-02 1.3308 468 509 415 458 296 212
2019-12-03 1.3296 469 510 418 466 288 204
2019-12-04 1.3201 485 522 441 486 312 226
2019-12-05 1.3174 484 532 443 487 319 234
2019-12-06 1.3255 494 546 445 491 327 239
2019-12-07 - - - - - - -
2019-12-08 - - - - - - -
2019-12-09 1.3239 491 545 443 489 325 237
2019-12-10 1.3230 493 543 439 478 326 242
2019-12-11 1.3174 487 540 430 467 310 221
2019-12-12 1.3185 491 550 428 463 310 219
2019-12-13 1.3166 497 554 433 468 315 224
2019-12-14 - - - - - - -
2019-12-15 - - - - - - -
2019-12-16 1.3155 498 555 436 473 316 227
2019-12-17 1.3160 504 559 446 479 334 251
2019-12-18 1.3115 503 559 445 477 331 247
2019-12-19 1.3125 505 559 452 494 323 239
2019-12-20 1.3161 500 551 446 489 319 236
2019-12-21 - - - - - - -
2019-12-22 - - - - - - -
2019-12-23 1.3148 500 548 448 491 322 238
2019-12-24 1.3165 506 555 452 496 326 243
2019-12-25 - - - - - - -
2019-12-26 1.3122 509 558 456 499 330 247
2019-12-27 1.3079 508 555 454 497 331 249
2019-12-30 1.3069 507 552 455 498 325 241
Average 1.3167 495 545 441 483 319 234

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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