Search results
Oil is often traded in US dollars, and for historical reasons, its price is quoted per barrel (bbl). Each barrel is 159 litres. The effect of oil prices goes far beyond oil stocks; changes in oil prices are often an important component of the inflation rate .
USD/CAD and the oil price have a positive correlation. (The y-axis to USD/CAD is reversed.) When oil prices rise, the Canadian dollar . CAD peaked out and reversed before oil prices did in 2008 and 2014. Canada is one of the world's largest exporters of commodities, including crude oil.
Oilprice.com, in cooperation with its partners, offers over 150 crude oil blends and indexes from all around the world, providing users with oil price charts, comparison tools and smart...
The current price of WTI crude oil as of July 01, 2024 is $83.23 per barrel. Interactive charts of West Texas Intermediate (WTI or NYMEX) crude oil prices per barrel back to 1946. The price of oil shown is adjusted for inflation using the headline CPI and is shown by default on a logarithmic scale. The current month is updated on an hourly ...
YearAverageclosing PriceYear OpenYear High2024$78.84$71.65$87.012023$77.64$80.26$93.842022$94.53$76.08$123.702021$68.17$47.62$84.65Jun 28, 2024 · Get access to our self-serve database of oil and gas prices, Cdn/US energy statistics and operating metrics for key oil sands facilities.
Jun 21, 2024 · The First Quarter Wrap: Canadian heavy oil prices make gains ahead of TMX start-up
People also ask
What happens when oil prices rise in Canada?
What is the correlation between oil prices and Canada's GDP?
How does CAD affect oil prices in Canada?
How are oil prices measured?
May 24, 2024 · Oil prices are measured in US dollars per barrel as reported by Western Canada Select (WCS), the price obtained for many Alberta producers of oil, and West Texas Intermediate (WTI), a world reference price usually quoted in the media.
