Oil Prices
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Alberta residents, small business owners struggle with soaring gas pricesThe soaring cost of gasoline is already draining hundreds of dollars in extra costs from the wallets of some Alberta small business owners.EconomyMar 18
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Gas prices hit highest level since 2023 in U.S. amid Iran warThe national average for a gallon of regular gasoline jumped to over US$3.84 on Wednesday, up from US$2.98 consumers were paying before the U.S. and Israel attacked Iran.ConsumerMar 18
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Bank of Canada holds interest rates as Iran war rattles global economiesThe Bank of Canada held its benchmark lending rate at 2.25 per cent, but Governor Tiff Macklem is keeping an eye on how the Iran war could impact Canada's economy.EconomyMar 18
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Global markets drop, oil wobbles as Iran war economic costs deepenU.S. benchmark crude fell US$1.24 to US$94.53 per barrel. Brent crude, the international standard, rose to US$104.17 per barrel. That's down from more than US$106 on Monday.WorldMar 18
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Danielle Smith hopes to balance Alberta budget even with moderate oil pricesDanielle Smith addressed the Rural Municipalities of Alberta conference, hearing concerns on everything from health care access to infrastructure woes and unpaid oil and gas taxes.PoliticsMar 17
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Iran’s leader vows to continue attacks in 1st statement since appointmentIran’s secretive new supreme leader on Thursday vowed to keep up attacks on Gulf Arab countries and use the effective closure of the strategic Strait of Hormuz as leverage.WorldMar 12
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Oil prices jump, U.S. markets retreat as Iran war worsens supply concernsU.S. benchmark crude oil jumped US$4.52 to US$91.77 a barrel. Brent, the international standard, climbed US$5.34 to US$97.32 per barrel after briefly eclipsing the US$100 level.WorldMar 12
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Canada, 31 nations agree to release 400M barrels of emergency oilCanada and a group of dozens of other countries have agreed to release 400 million barrels of oil from their strategic reserves as the Iran war threatens the global supply.WorldMar 11
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Oil prices could surge to $200 a barrel, Iran warns as war stretches onIran's military command said on Wednesday the world should be prepared for oil to hit US$200 a barrel, as three more ships came under attack in the blockaded Gulf.WorldMar 11
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Airlines around world hike fares as Iran war sparks global fuel price surgeThe war has sent oil prices surging, upending global travel, pushing airline tickets on some routes sky-high, and sparking fears of a deep travel slump.WorldMar 10
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