Oil Prices
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Strategic oil stockpiles have hit a 40-year low amid the Iran warOil prices spiked Tuesday as the Iran war continues to jeopardize global supplies, with U.S. strategic stockpiles falling to the lowest level in more than 40 years.WorldAug 11
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Suncor beats quarterly profit estimates on higher crude prices, refining marginsThe profits continue to soar at Canada's biggest oil companies with Suncor Energy reporting Tuesday that it beat analysts profit estimates for the second quarter of 2026.MoneyAug 4
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Big oil companies continue to post banner profits as fighting in Iran drives costs higherMany of the world's biggest oil companies continue to record massive profits as fighting in Iran disrupts energy markets and sends oil and gasoline prices sharply higher.MoneyAug 4
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Oil prices jump again following renewed fighting in the Middle EastOil prices were on the rise again Wednesday on news a brief ceasefire in fighting between the United States and Iran was shattered by renewed missile attacks.EconomyJul 29
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Oil prices plummet on hopes of increased supply, high gasoline prices persistThe pause in hostilities between the U.S. and Iran has led to a decline in future oil prices, but industry analysts say it will take time to trickle down to lower gasoline prices.MoneyJun 26
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Sinking AI stocks leading Wall Street towards a losing weekMost of the U.S. stock market is rising Friday after oil prices eased back to where they were before the war with Iran, but drops for AI stocks are keeping the market in check.MoneyJun 26
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20M barrels of oil just exited the Strait of Hormuz, says US officialSome 20 million barrels of crude oil have exited the Strait of Hormuz in the last 24 hours, U.S. Energy Secretary Chris Wright said on Wednesday.WorldJun 24
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Oil prices fall back to US$80 per barrel amid optimism over Mideast peace dealOptimism over a tentative peace deal between the U.S. and Iran continues to push world oil prices lower, despite concerns it could take weeks for oil to start flowing freely again.MoneyJun 16
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Canadian oil outages, bad weather to tighten inventories at key US storage hubWet weather and a power outage at Cenovus oilsands operations have helped push American oil reserves to their lowest level since 2020.EconomyJun 11
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Global oil inventories headed to lowest level in decades, U.S. EIA warnsThe Middle East conflict has caused global stockpiles of oil to plummet to their lowest level since 2003 while petroleum prices have spiked, according to a new energy data report.ConsumerJun 9
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