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09 Nov 2017 | 11:28 UTC — Houston
Platts is clarifying the manner in which its Canadian Dollar denominated crude assessments were published November 9. Platts applied the change in the US dollar to Canadian dollar daily exchange rate from November 8 to November 9 as published by the Bank of Canada to the November 8 rate as published by Tullett Prebon. This value was used as the exchange rate to convert Platts Canadian crude assessments from US dollars/barrel to Canadian dollars/cubic meter. Typically, these assessments are derived using Platts Canadian crude assessments in US dollars/barrel and a Canadian dollar-US dollar exchange rate published by Tullett Prebon. However, Tullett Prebon's website was down Thursday and the company advised Platts it had no access to data. No timeline was given for a return to service. Platts Canadian crude assessments in US dollars were published without issue. For questions or comments, please contact americas_crude@spglobal.com or support@platts.com.