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Selected Crude Oil Price Daily November (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
2020-11-02 - - - - - - -
2020-11-02 1.3217 306 316 283 286 229 194
2020-11-03 1.3144 311 324 291 294 239 203
2020-11-04 1.3136 323 333 287 293 240 201
2020-11-05 1.3045 318 327 278 285 235 198
2020-11-06 1.3050 305 319 272 277 230 193
2020-11-07 - - - - - - -
2020-11-08 - - - - - - -
2020-11-09 1.3007 330 337 289 293 247 210
2020-11-10 1.3033 339 354 301 306 259 224
2020-11-11 1.3063 341 354 302 308 261 226
2020-11-12 1.3141 340 352 296 301 255 221
2020-11-13 1.3137 332 347 292 311 266 233
2020-11-14 - - - - - - -
2020-11-15 - - - - - - -
2020-11-16 1.3074 340 355 301 305 262 229
2020-11-17 1.3105 342 353 300 306 265 233
2020-11-18 1.3081 344 356 303 309 251 236
2020-11-19 1.3073 343 356 300 313 251 211
2020-11-20 1.3095 347 365 306 315 253 213
2020-11-21 - - - - - - -
2020-11-22 - - - - - - -
2020-11-23 1.3082 353 372 308 321 258 218
2020-11-24 1.2998 366 386 321 336 272 230
2020-11-25 1.3007 372 394 327 344 283 243
2020-11-26 - - - - - - -
2020-11-27 - - - - - - -
2020-11-28 - - - - - - -
2020-11-29 - - - - - - -
2020-11-30 1.3001 371 386 323 336 276 237
Average 1.3078 338 352 299 307 254 219

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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