Crude oil prices see their best month on record, surging 88%

Canada’s main stock index ended a strong May a little weaker while crude oil prices enjoyed their best ever month, surging 88 per cent.

The S&P/TSX composite index closed down 69.90 points at 15,192.83.

In New York, the Dow Jones industrial average was down 17.53 points at 25,383.11. The S&P 500 index was up 14.58 points at 3,044.31, while the Nasdaq composite was up 120.88 points at 9,489.87.

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The Canadian dollar traded for 72.53 cents US compared with 72.65 cents US on Thursday.

2:13 Alberta Energy Regulator suspends monitoring requirements across oil and gas industry

The July crude contract was up US$1.78 at US$35.49 per barrel and the July natural gas contract was up 2.2 cents at nearly US$1.85 per mmBTU.

The August gold contract was up US$23.40 at US$1,751.70 an ounce and the July copper contract was up 1.2 cents at nearly US$2.43 a pound.