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Selected Crude Oil Price Daily November 2019 (Canadian dollars per cubic metre) 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.
Jan 7, 2020 · The price of West Texas Intermediate (WTI) crude oil, the U.S. benchmark, averaged $57/b in 2019, $7/b lower than in 2018. Compared with recent years, both crude oil prices traded within relatively narrow price ranges throughout the year.
May 17, 2024 · How Crude Oil Prices are Determined. The price of oil is set in the global marketplace. Oil is traded globally and can move from one market to another easily by ship, pipeline, or barge. As a result, the supply/demand balance determines the price for crude oil around the world.
See More Rates. Western Canadian Select (WCS) and West Texas Intermediate (WTI) Crude Prices. WCS is among the cheapest crude oils in the world. On average, WCS traded with a discount of US$17.2 relative to the WTI. In November 2018, WCS discount relative to WTI reached a record of US$46/bbl.
Oil Price: Get all information on the Price of Oil including News, Charts and Realtime Quotes.
Crude. Crude prices increased in the second quarter as inventories tightened upon increased refined product demand and limited crude oil production. The price of Brent crude (a global benchmark) ended the quarter at 74.76 $US/BBL, 18.4 percent above the end of the previous quarter.
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Table S4.3 shows the estimated supply costs for crude oil by PSAC area. These costs are based on 2023 capital and operating costs and representative production profiles. Companies often drill more than one well or lateral leg from a well pad (commonly referred to as a multiwell pad or multilateral well).
