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Jun 8, 2022 · The benchmark North American oil price, a crude blend known as West Texas Intermediate or WTI, was changing hands for $119 US a barrel on Tuesday — within striking distance of the multi-year ...
- Price gap on heavy Canadian oil tops $30 per barrel, widest ...
A barrel of the North American oil benchmark is changing...
- Price gap on heavy Canadian oil tops $30 per barrel, widest ...
3 days ago · Crude oil prices fell 1% on Tuesday as weak U.S. consumer confidence data fed worries about the economic outlook and fuel demand after a slow start to the U.S. summer driving season.
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.
1 day ago · WTI futures traded at $81.94 per barrel, as of 9 a.m. ET. Year to date, WTI prices are up by 11.57%. Brent futures traded around $85.12/bbl, an increase of 0.72% in the last 24 hours. Year to date ...
Aug 14, 2023 · U.S crude oil exports to Canada averaged 305,000 b/d by volume in 2022, a slight decline from 2021. By value, U.S crude oil exports increased by 43% in 2022, totaling $11.9 billion. U.S. crude oil exports to Canada are typically low-density and low-sulfur crude oil grades shipped to Eastern Canada.
May 17, 2024 · Prices vary globally to reflect the cost of transporting crude oil to that market and the quality differences between the various types of oil. Spot Markets versus Futures Markets for Crude Oil In the spot market, oil is bought and sold for cash and delivered immediately.
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Oct 14, 2022 · A barrel of the North American oil benchmark is changing hands for about $90 US a barrel right now, but the heavy crude that comes from Canada's oilsands is fetching $30 less because of a...