Oil News Today

• Oil prices spike to highest level since 2014 after Trump exits Iran deal

  Donald Trump on Tuesday pulled out of an international nuclear deal with Iran, making investors nervous about rising risks of conflict in the Middle East and about oil supplies in a tight market.

  Economy

  May 9, 2018
  
• Oil prices rise amid talk of limiting production through 2018

  Oil prices lifted on the announcement that Russia and Saudi Arabia want to extend oil production cuts through the first quarter of 2018.

  Economy

  May 15, 2017
  
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• Reality check: Alberta needs some luck with budget betting on $68 oil

  The province of Alberta better have a backup plan if its financial future is dependent on oil averaging US$68 by 2020, experts say.

  Canada

  Mar 17, 2017
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• Oil prices sink to 3-month low as global supply rises

  Oil prices slid to three-month lows on Tuesday after OPEC reported a rise in global crude stocks and a surprise jump in production from its biggest member, Saudi Arabia.

  Money

  Mar 14, 2017
• Oil prices rise as OPEC production cut trims supply

  Oil prices are 23 per cent higher than they were at the end of November.

  Economy

  Mar 1, 2017
• Price of oil sinks amid oversupply concerns

  Rising US output has helped boost domestic crude and fuel inventories to record highs.

  Canada

  Feb 17, 2017
• Loonie weakens as oil prices slump over OPEC production cut anxiety

  The loonie wavered Friday as the price of oil, one of Canada's major exports, was on track to end the week lower on lingering doubts over the extent of OPEC cuts.

  Canada

  Jan 13, 2017
• Price of oil up $1 as OPEC members cut production as promised

  Oil prices jumped more than $1 a barrel on Thursday on news that key OPEC members were cutting production as promised and on forecasts of strong demand growth in China.

  Canada

  Jan 12, 2017
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• Oil prices rise as Saudi Arabia plans for global supply cut

  Oil prices rose on Thursday after Saudi Arabia started talks with customers about a reduction in crude sales to support a plan by OPEC to lower global supply.

  Canada

  Jan 5, 2017
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• Canadian dollar falls from 8-week high after US raises interest rates

  The Canadian dollar tumbled from an eight-week high against its U.S. counterpart on Wednesday, pressured by lower oil prices and broader gains for the greenback after the Federal Reserve raised U.S. interest rates for the first time in a year.

  Canada

  Dec 14, 2016