Benchmark US crude oil hit US$90 a barrel for the first time since November, the latest milestone in a march higher that's been led by output cuts from Saudi Arabia and Russia as well as record global consumption.
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Canadian dollar strengthens, benchmark yield slipsThe Canadian dollar strengthened against the greenback on Tuesday, and the yield on benchmark government debt slipped. The loonie was trading 0.1% higher ...
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Oil prices tick up as markets zoom in on supply tightnessOil prices edged higher on Thursday, after dipping slightly in the previous session, as markets refocused on expectations of tight crude supply for the rest of 2023. International benchmark Brent futures climbed 17 cents to $92.05 a barrel at 12:02 GMT, while U.S. West Texas Intermediate crude (WTI) rose 19 cents to $88.71. Saudi Arabia and Russia's extension of oil output cuts to the end of 2023 will mean a substantial market deficit through the fourth quarter, the International Energy Agency (IEA) said on Wednesday, as it largely stuck by its estimates for demand growth this year and next.
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Energy stocks help boost S&P/TSX composite as price of oil moves higherTORONTO — Strength in energy stocks as the price of oil moved higher helped boost Canada's main stock index, while U.S. stock markets were mixed in late-morning trading. The S&P/TSX composite index was up 11.22 points at 20,193.98.
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Investors drawn to oil and gas, mining stocks, TSX top 30 list showsThe 2023 TSX 30 list is heavily dominated by the oil and gas sector, which make up 50 per cent of the list. Find out more.
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Oil prices spike on tight supplies and upbeat OPECMarket News
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Investors drawn to oil and gas, mining stocks, TSX top 30 list showsThe 2023 TSX 30 list is heavily dominated by the oil and gas sector, which make up 50 per cent of the list. Find out more.
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