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  1. natural-resources.canada.ca › our-naturalSelected Crude Oil Price Daily June 2020 (Canadian dollars ...

    Jun 1, 2020 · 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.

  2. en.macromicro.me › charts › 443USD/CAD vs. Oil Price | MacroMicro

    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.

  3. www.investopedia.com › articles › investingHow & Why Oil Impacts The Canadian Dollar - Investopedia

    • Crude Oil and Canada's Foreign Exchange Earnings
    • Supply and Demand
    • The Future of Oil in Canada

    The strong correlation between the Canadian/U.S. dollar exchange rate and oil prices is due, in large part, to the amount of the nation’s total foreign exchange earnings that are garnered through crude oil sales. In 2019, Canada was the fifth-largest producer and exporter of crude oil in the world.Crude oil is the largest single contributor of fore...

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    The price of any commodity or service is determined by supply and demand, and in the case of the Canadian/U.S. dollar exchange rate, the price is determined by the demand and supply of both Canadian dollars and U.S. dollars. Because crude oil exports account for a large portion of U.S. currency that's earned by Canada, movements in the price and th...

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    We can understand the future of oil in Canada by looking at how much crude oil is available in established reserves. Canada's oil sands are the third-largest proven oil reserve in the world. Canadian companies also rank as large natural gas-producing companies. Oil sand is a mixture of sand, clay other minerals, and water that occurs in nature. It ...

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  4. wowa.ca › oil-price-CanadaCanadian Oil Price (Western Canadian Select) | WOWA.ca

    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.

  5. www.macrotrends.net › 1369Crude Oil Prices - 70 Year Historical Chart | MacroTrends

    The current price of WTI crude oil as of June 28, 2024 is $82.64 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 ...

    Year
    Averageclosing Price
    Year Open
    Year High
    2024
    $78.82
    $71.65
    $87.01
    2023
    $77.64
    $80.26
    $93.84
    2022
    $94.53
    $76.08
    $123.70
    2021
    $68.17
    $47.62
    $84.65

    See full list on macrotrends.net

  6. www.cer-rec.gc.ca › en › data-analysisCER – Market Snapshot: Crude oil imports decreased in 2020 ...

    Apr 14, 2021 · The bottom stacked bar graph shows the price of imported crude oil in Canadian dollars per barrel in New Brunswick, Quebec, Newfoundland and Labrador, and Ontario from 2018 to 2020. The cost of imported oil in New Brunswick decreased in 2020 to $58.89 per barrel.

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  8. www.cer-rec.gc.ca › en › data-analysisMarket Snapshot: How does the early 2020 crude oil price drop ...

    Mar 25, 2020 · As of Friday 20 March 2020, the spot price for West Texas Intermediate (WTI) crude oil decreased by 65% from its price on 6 January 2020. Over the same time period, the price for Western Canadian Select (WCS) crude oil in Alberta fell by 72% from US$40 per barrel (US$/bbl) to US$11/bbl.