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Selected Crude Oil Price Daily June 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
2019-06-01 - - - - - - -
2019-06-02 - - - - - - -
2019-06-03 1.3438 450 525 388 440 330 300
2019-06-04 1.3394 451 525 393 446 339 311
2019-06-05 1.3415 436 519 375 425 322 294
2019-06-06 1.3362 442 531 378 429 329 301
2019-06-07 1.3267 451 536 383 436 334 305
2019-06-08 - - - - - - -
2019-06-09 - - - - - - -
2019-06-10 1.3269 445 528 374 429 332 305
2019-06-11 1.3284 445 525 382 435 336 309
2019-06-12 1.3343 429 509 379 433 329 305
2019-06-13 1.3327 438 523 394 437 343 318
2019-06-14 1.3414 443 531 402 447 352 329
2019-06-15 - - - - - - -
2019-06-16 - - - - - - -
2019-06-17 1.3413 438 516 396 443 322 288
2019-06-18 1.3377 454 526 398 448 335 305
2019-06-19 1.3280 449 521 396 446 337 308
2019-06-20 1.3192 470 537 414 466 360 332
2019-06-21 1.3222 476 539 426 475 368 340
2019-06-22 - - - - - - -
2019-06-23 - - - - - - -
2019-06-24 1.3180 478 534 432 481 369 341
2019-06-25 1.3169 477 539 437 481 372 343
2019-06-26 1.3127 490 542 450 495 384 357
2019-06-27 1.3095 490 539 451 492 381 353
2019-06-28 1.3095 482 531 441 480 368 339
2019-06-29 - - - - - - -
2019-06-30 - - - - - - -
Average 1.3283 457 529 405 453 347 319

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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