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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.
Western Canadian Select (WCS) is the most important oil price index in Western Canada. The price received by Canadian oil producers is often based on WCS. Limited transportation infrastructure causes a large discount in WCS in relation to West Texas Intermediate (WTI).
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...
3 days 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 ...
Jun 8, 2022 · Analysis. Why high oil prices aren't creating an economic boom in Canada. Typically that discount is about $10-$15 US a barrel, but recent events have pushed the gap to beyond $20. That's...
Mar 1, 2021 · 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.
3 days ago · The real-time price of Brent crude oil is at $84.56 per barrel, and the price of WTI crude oil is at $80.61 per barrel. Oil prices are customarily quoted in dollars (USD) around the world, not only in the US or when referring to US crude oil. Brent Spot / US Dollar. $84.56. -1.52 (-1.77%) ↓.
