Crude oil futures fall on profit-taking, stronger US dollar
"There is uncertainty stemming from demand [as seen in the crude builds from the US Energy Information Administration data], and the wider market is waiting to see the impact of higher crude oil production from the US," Varathan added, saying that it ...
Rising ocean freight rates should help Canada
“Lately that equation has found an equilibrium, I think, in that the number of ships being built compared to the number of ships being scrapped are roughly the same,” the Montreal broker said. One other major factor behind escalating ocean freight ...
TSX notches five-week high as financials and technology climb
The largest percentage gainer on the TSX was Precision Drilling (PD.TO), which rose 5.3 percent. The company reported a smaller-than-expected loss on Thursday as its U.S. clients deployed more of the company's rigs to take advantage of rising oil ...
TSX rises, led by energy as oil prices climb
Venezuela debt rally may falter despite oil price, election
The election notwithstanding, some analysts see the rise in bond prices as a reflection of the steady increase in the price of crude oil in the past year, as Venezuela sits atop the world's largest proven oil reserves. “The biggest reason for the rise ...
Oil settles higher as traders look past US supply, focus on Iran sanctions
“Recent comments from French President Emmanuel Macron indicate his belief that President [Donald] Trump will move to pull the U.S. out of the Iranian nuclear deal, despite Macron's efforts to secure continued partnership from the U.S.,” said Robbie ...
Oil gains as concern heats up over Iran sanctions, Venezuelan output
Rising crude oil could lend support to canola values
Oil Futures Signal a Flood of US Exports Is Coming This Summer
Oil prices end higher on bets the US will reimpose sanctions on Iran
Oil futures ended higher Wednesday, buoyed by the possibility that the U.S. will reimpose sanctions on Iran. The deadline for the U.S. decision on whether to extend waivers on Iranian sanctions is May 12. If sanctions are reimposed, that may contribute ...
Shell, Total start 2018 on a high thanks to rising oil prices
With Shell's output up 2 percent at 3.8 million barrels of oil equivalent per day (boe/d) and Total's production rising 5 percent to 2.7 million boe/d in the quarter, both were well positioned to capture the price upswing in benchmark oil prices. The ...
Oil prices bounce back to finish higher
Oil futures bounced back Wednesday from earlier weakness that was driven by data showing an unexpectedly weekly climb in U.S. crude supplies. Since prices for U.S. benchmark crude hit new multi-year highs late last week, "the market has been in a ...
Oil pivots higher, settles with a gain as tensions in the Middle East heat up again
Oil prices gave up earlier declines Monday to settle higher, as reports that a Saudi-led air strike killed the head of the Houthi rebels in Yemen raised the potential for disruptions to the flow of crude in the Middle East. “The fear of geopolitical ...
Oil hovers near $74 a barrel, US bonds, crude supply cast a shadow
Crude oil futures move higher on expectation of US stock draw
Gasoline Demand and Crude Oil Futures' Bullish Momentum
Oil jumps 3 percent on Saudi price target, US stockpiles
OPEC's new price hawk Saudi Arabia would be happy for crude to rise to $80 or even $100, three industry sources said, a sign Riyadh will seek no changes to a supply-cutting deal even though the agreement's original target is within sight. Brent crude ...
Crude Oil Could Go Back To $100 Per Barrel
Oil soars 2.9% to 3-year high, settling at $68.47, as US crude stockpiles drop
Crude oil futures remain stable ahead of OPEC meeting