Oil Prices
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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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Wall Street, TSX rise after interest rate worries fuelled a sell-off FridayWall Street is clawing back some of its steep losses from Friday, as stocks swept up in the artificial-intelligence boom bounced back on Monday.MoneyJun 8
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Oil prices spike, stocks retreat from records as Iran ceasefire strainedThe price of crude oil rose after both the United States and Iran said they launched retaliations for earlier attacks or attempted ones.MoneyJun 3
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Oil prices spike after U.S. strikes Iran, then fall over reports of dealThe price for a barrel of benchmark U.S. crude oil settled at $88.90 after regressing from an overnight high above $92.50, while stocks finished higher.WorldMay 28
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Ottawa, Alberta agree on carbon pricing deal, pipeline construction timelineIn November, Carney and Smith signed a memorandum of understanding that aims to lay the groundwork for a new pipeline from Alberta to the B.C. coast.CanadaMay 15
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