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- 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 perfect storm of imbalances between supply and demand. The oil blend known as West Texas Intermediate (WTI) was going for about $87 a barrel on Thursday.
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How is a barrel price converted to Canadian dollars?
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How much is a barrel of oil worth?
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.
4 days ago · 1 oil: 108.36 cad: 2 oil: 216.71 cad: 5 oil: 541.78 cad: 10 oil: 1083.56 cad: 50 oil: 5417.82 cad: 100 oil: 10835.64 cad: 500 oil: 54178.22 cad: 1000 oil: 108356.44 cad: 5000 oil: 541782.2 cad ...
69.58. +0.00. +0.00%. (1 day Delay) (1 day Delay) Western Canadian Select. 65.92. +0.86. +1.32%.
Oil price charts for Brent Crude, WTI & oil futures. Energy news covering oil, petroleum, natural gas and investment advice.
Jan 1, 2021 · 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. 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 ...
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.
Oct 14, 2022 · Business · Analysis. Price gap on heavy Canadian oil tops $30 per barrel, widest spread since 2018. Oil is going for $90 US a barrel right now. So why is Canadian oilsands crude going for...
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