- Oil prices on Monday fell on the back of a stronger dollar.
- The dollar index rose on the back of a better-than-expected U.S. payrolls report.
After oil prices fell into a deep downward spiral three years ago, the words “lower for longer” became a mantra across Canada’s energy sector.
It signalled a sharp change in how the industry operated, with fewer jobs, smaller budgets, a drive to cut costs and improve efficiency. 890 more words
On Wednesday, U.S. oil prices increased more than 2% in early Asian trade, recovering from a three month low after industry statistics indicated a surprise drawdown in U.S. 451 more words