Markets & Investment

Oil swings as demand concerns weighed against SPR refill plan

Friday, May 12, 2023, 6:14 AM MDT

Oil swung between losses and modest gains as concerns that sluggish economic growth will eat into demand were weighed against…

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Oil advances as traders weigh inflation trends and supply halts

Thursday, May 11, 2023, 6:26 AM MDT

Oil rose for the fourth session in five as traders weighed improving inflation trends and supply halts, before the release…

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Oil falls after three-day advance ahead of U.S. inflation report

Wednesday, May 10, 2023, 6:47 AM MDT

Oil fell ahead of a critical U.S. inflation report that could provide key signals on future energy demand and as…

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Oil drops after two-day surge as China clouds demand outlook

Tuesday, May 9, 2023, 6:17 AM MDT

Oil fell after a two-day surge as Chinese trade data highlighted concerns about the nation’s economic recovery and energy demand.…

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Biden’s oil-reserve withdrawals spark Republican demand for audit

Monday, May 8, 2023, 3:46 PM MDT

Top Republicans want a government watchdog to investigate the Biden administration’s management of the nation’s emergency oil reserves, arguing no credible…

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Oil kicks off week higher as traders focus on demand factors

Monday, May 8, 2023, 6 AM MDT

Oil advanced as investors assessed conflicting signals for crude demand after a period of volatile trading. WTI for June delivery…

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Oil rebounds after slumping 10% this week on demand concern

Friday, May 5, 2023, 6:27 AM MDT

Oil rose this morning but the benchmark is still headed for a weekly loss of almost 10 per cent as…

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Oil steadies after chaotic opening selloff gives way to rebound

Thursday, May 4, 2023, 6:21 AM MDT

Oil futures steadied after enduring a roller-coaster ride at the start of trading in Asia, collapsing to the lowest level…

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Enbridge signs tolling deal with shippers for Mainline pipeline system

Thursday, May 4, 2023, 6:19 AM MDT

Enbridge Inc. says it has reached a deal with shippers for tolling on its Mainline pipeline system, which moves over…

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Arctic oil drilling plans revived in Norway as priorities change

Wednesday, May 3, 2023, 3:51 PM MDT

Norway’s biggest oil and gas companies are reviving exploration plans in Arctic waters, as the government agitates for fresh discoveries…

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Iran seizes second oil tanker, heightening shipping fears

Wednesday, May 3, 2023, 6:41 AM MDT

Iran seized a second oil tanker in less than a week, ratcheting up tensions for shipping in one of the…

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Oil plunge deepens as concerns over economy drive selloff

Wednesday, May 3, 2023, 6:34 AM MDT

Oil fell for a third day, dropping below $70/bbl in New York, as the prospect of a U.S. recession threatened…

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