Oil Prices

• Gas rises to $1.50 in Edmonton as Middle East conflict pushes up oil prices

  West Texas Intermediate, the North American benchmark, went from US$71 per barrel on Monday to $90US a barrel on Friday — the biggest weekly gain since Russia invaded Ukraine.

  Economy

  Mar 6
  
• Oil surges to highest price since 2023 as Iran war chokes Strait of Hormuz

  U.S. stocks are falling sharply Friday after getting a whiff of a worst-case scenario for financial markets: a weakening economy combined with high inflation.

  Money

  Mar 6
  
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• Oil prices top US$81 a barrel amid Iran war, pushing global markets down

  The price for a barrel of benchmark U.S. crude shot up 8.5 per cent Thursday to settle at US$81.01 per barrel, the highest level since the summer of 2024.

  Money

  Mar 5
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• Iran war oil price spike could cushion Alberta, Saskatchewan budgets

  Oil prices could mean higher prices for Canadians at the gas pump, but experts say that increase could help provincial budgets.

  Canada

  Mar 3
• As oil and gas prices rise amid Iran conflict, what comes next?

  Canadian consumers are set to pay higher prices for gasoline at pumps across the country as the Iran conflict sends global oil markets into a frenzy.

  Consumer

  Mar 2
• Oil prices set for swings next week after U.S., Israel strikes on Iran

  Oil prices have already risen on war fears. International benchmark Brent crude closed at a seven-month high of US$72.87 on Friday.

  World

  Feb 28
• Alberta premier warns ‘significant’ deficits to come, rules out tax hikes or big cuts

  With the price of oil trading well below where the government of Alberta forecast it to be, Premier Danielle Smith warns that "significant" deficits are in store for the province.

  Economy

  Feb 10
• Canadian oilpatch can withstand crude market doldrums, experts say

  U.S. oil producers will likely be the first to cut output should crude prices continue to languish, but their Canadian peers should be able to keep chugging along, experts say.

  Economy

  Dec 17, 2025
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• Drilling group predicts slight uptick in Canadian activity next year

  The Canadian Association of Energy Contractors is predicting a slight increase in drilling activity next year in Canada.

  Economy

  Dec 1, 2025
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• Alberta’s economy remains in the red with tweaked $6.4B deficit

  This year's budget is a massive multibillion-dollar swing from an $8.3-billion surplus last year, and the biggest factor is a 30 per cent decline in natural resource revenue.

  Economy

  Nov 27, 2025