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This page introduces the oil price indices West Texas Intermediate (WTI) and Western Canadian Select (WCS). These are both important oil price benchmarks.
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.
Nov 1, 2021 · Selected Crude Oil Prices November 2021 (Canadian dollars per cubic metre) Note: Prices are not reported on weekends and American statutory holidays. Did you find what you were looking for?
- Canadian Dollar Outlook
- Oil Fueling Loonie Gains
- CAD/JPY Rate Technical Analysis: Daily Chart
- USD/CAD Rate Technical Analysis: Daily Chart
- IG Client Sentiment Index: USD/CAD Rate Forecast
The ongoing rebound in crude oil priceshas given a lift to the Loonie.CAD/JPY rates have recently traded above their daily 21-EMA, while USD/CADrates have yet to fall below their one-month moving average.According to the IG Client Sentiment Index, USD/CADrates now have a bearish bias in the near-term.Strength in energy markets is helping propel the Canadian Dollar higher at the end of the year. Energy, which accounts for approximately 11% of Canadian GDP, has a considerable sway over the Loonie, so it’s no surprise that the sharp rebound by crude oil prices over the past week have filtered into rallies by the major CAD-crosses. And with risk ap...
CAD/JPY rates have continued their rally from the 61.8% Fibonacci retracement of the August low/October range at 87.86, finally achieving a move higher through the daily 21-EMA – the one-month moving average – by the end of last week. Of equal consequence, the pair was also able to climb above the descending trendline from the October and November ...
In the prior update it was noted that “if crude oil pricesare able to clear 73.34, however, then it would be a favorable sign that the Loonie rally could have some room to run yet.” Crude oil prices have hurdled 73.34, suggesting that more USD/CAD weakness could be on the way. Unlike CAD/JPY rates, however, USD/CAD rates have yet to emerge on the o...
USD/CAD: Retail trader data shows 56.50% of traders are net-long with the ratio of traders long to short at 1.30 to 1. The number of traders net-long is 2.80% lower than yesterday and 39.70% higher from last week, while the number of traders net-short is 3.39% lower than yesterday and 44.63% lower from last week. We typically take a contrarian view...
- Christopher Vecchio
- Former Senior Strategist
Selected Daily Crude Oil Prices July 2021 (Canadian dollars per cubic metre) Note: Prices are not reported on weekends and American statutory holidays. Report a problem on this page. Date modified: 2021-08-12. Date Exchange Rate.
View our data on crude oil production by region, type, and scenario in our interactive visualization tool, Exploring Canada’s Energy Future. Explore a summary of oil production in our EF2021 Fact Sheets: Oil Sands Production and Conventional, Tight, and Shale Oil Production.
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WCS: The Western Canadian Select (WCS) price decreased by 22%, averaging US$58.97/bbl. The WCS price decrease was larger than the percentage decline in WTI, reflecting moderately wider price differentials in 2023 compared to the previous year. Table S1.1 shows historical and forecast prices for crude oil.
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