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Selected Crude Oil Price Daily October 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
2020-10-01 1.3289 324 330 280 288 232 192
2020-10-02 1.3308 310 318 271 277 226 187
2020-10-03 - - - - - - -
2020-10-04 - - - - - - -
2020-10-05 1.3263 327 336 294 299 246 206
2020-10-06 1.3312 341 340 306 309 255 216
2020-10-07 1.3256 333 342 306 310 252 212
2020-10-08 1.3196 342 351 314 314 263 223
2020-10-09 1.3121 335 343 308 305 261 224
2020-10-10 - - - - - - -
2020-10-11 - - - - - - -
2020-10-12 1.3114 325 333 298 297 252 215
2020-10-13 1.3139 332 340 309 305 255 219
2020-10-14 1.3146 339 350 322 315 260 223
2020-10-15 1.3221 341 348 314 316 264 231
2020-10-16 1.3189 339 346 316 314 263 230
2020-10-17 - - - - - - -
2020-10-18 - - - - - - -
2020-10-19 1.3192 339 346 316 314 262 229
2020-10-20 1.3129 342 347 316 316 251 212
2020-10-21 1.3146 329 339 307 307 245 207
2020-10-22 1.3136 334 345 304 307 249 211
2020-10-23 1.3125 328 339 301 301 242 205
2020-10-24 - - - - - - -
2020-10-25 - - - - - _ -
2020-10-26 1.3212 320 331 287 288 226 185
2020-10-27 1.3185 328 333 296 298 240 200
2020-10-28 1.3323 313 322 283 285 228 190
2020-10-29 1.3325 303 311 276 277 220 185
2020-10-30 1.3321 300 309 269 270 213 177
Average 1.3211 328 336 300 301 246 208

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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