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Oil is often traded in US dollars, and for historical reasons, its price is quoted per barrel (bbl). Each barrel is 159 litres. The effect of oil prices goes far beyond oil stocks; changes in oil prices are often an important component of the inflation rate .
Apr 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.
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...
Selected Crude Oil Prices December 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? Date modified: 2022-01-11. Date Exchange Rate.
Crude Oil; Oil Pricing; Selected Crude Oil Prices September 2021 (Canadian dollars per cubic metre) Date Exchange Rate WTI Cushing Brent Sullom Voe, UK Mixed Sweet Blend
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...
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How is a barrel price converted to Canadian dollars?
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How do oil exports affect Canada's economy?
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.
