Tags » Crude Prices

Oil prices soar lifting Canadian dollar to four-week high

TORONTO – The Canadian dollar strengthened the most in nearly four weeks against its U.S. counterpart on Wednesday as oil prices soared on a deal by major oil producers to limit output. 277 more words


Oil prices tick higher in volatile trading

NEW YORK – Oil prices rose more than 2 per cent in volatile trade on Wednesday on speculation that OPEC members gathered in Algeria could lay the foundation for a production-limiting deal in November. 405 more words


Summer Hope Dashed as Gasoline Supply Swamps Market

Fuel Marketer Intelligence: Supply Chain Dynamics to Retail Fuel Prices

Gasoline futures swung to a five-month low of $1.2760 gallon in ending July business before paring the decline on technical-driven short covering ahead of the August contract expiration, with the low plumbed during peak seasonal driving demand in the United States amid a market awash in supply. 889 more words

Energy Trading

How the Turkish Coup Attempt Impacted Oil Prices

Oil prices fell on Monday as traders shrugged off the impact of the attempted coup in Turkey and the market turned its attention to bearish fundamentals, while disruptions to crude exports in Libya lent prices some support. 348 more words


Being irrelevant

This week the O&G industry sees crude oil prices rising closer to the USD50 mark a barrel with WTI crude at USD48.62 and Brent crude at USD49.64 as of June 5th. 178 more words


Loonie gains ground, reaches 9-month high as oil prices bounce back

TORONTO – A big bounce in energy prices and strength in metals sent the Canadian dollar soaring to its highest level since last summer.

The loonie gained 0.85 of a U.S. 119 more words