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Canada is one of the world's largest exporters of commodities, including crude oil. Crude oil exports account for 10% of Canada's GDP. 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 appreciates. CAD peaked out and reversed before oil prices did in 2008 and 2014.
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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. This significant discount pushed the Alberta provincial government to impose production limits in the province.
Nov 1, 2021 · Selected Crude Oil Prices November 2021 (Canadian dollars per cubic metre) ... Sullom Voe, UK Mixed Sweet Blend Edmonton Synthetic Edmonton Western Canada Select ...
Date Exchange Rate WTI Cushing Brent Sullom Voe, UK Mixed Sweet Blend Edmonton Synthetic Edmonton Western Canada Select Hardisty Implied Bitumen Hardisty; 2021-07-01
May 17, 2024 · 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. Prices vary globally to reflect the cost of transporting crude oil to that market and the quality ...
Mar 1, 2021 · Synthetic Crude Oil (SCO): Synthetic crude oil is a light crude oil that is produced by upgrading bitumen. The contract for synthetic crude oil specifies delivery at Edmonton, Alberta. Implied Bitumen Price: The implied bitumen price is derived from the price of Western Canadian Select (WCS), which is assumed to have a blend composition of 30% ...
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Oil Price Charts. 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 ...
