Markets & Investment

Oil rises as traders focus on US gasoline and China demand

Wednesday, May 18, 2022, 6:26 AM MDT

Oil rose as tight US product markets and the prospect of higher demand in China, the world’s top importer, add…

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Average price for gasoline in Canada tops $2 a litre for first time

Tuesday, May 17, 2022, 6:43 AM MDT

Gasoline prices are showing no signs of letting up as the average price in Canada tops $2 a litre for…

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Oil in longest run of gains since February on tight US products

Tuesday, May 17, 2022, 6:14 AM MDT

Oil edged higher in its longest run of daily gains since February as traders weighed strength in key petroleum products…

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Oil drops as virus lockdowns across China pummel economy

Monday, May 16, 2022, 6:28 AM MDT

Oil retreated for the first time in four sessions as Covid-19 lockdowns strained the economy in China, the world’s biggest…

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Oil pares gains as investors weigh Russian ban, China outlook

Friday, May 13, 2022, 6:27 AM MDT

Oil pared an earlier gain, bookending another tumultuous week of trading, as investors weighed the prospect of a European Union…

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Oil resumes decline as market grapples with tumultuous trading

Thursday, May 12, 2022, 6:31 AM MDT

Oil resumed its decline as financial markets were pressured by stubbornly high US inflation, bolstering the case for Federal Reserve…

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Two years of low spending has little impact on reserves

Thursday, May 12, 2022, 5:59 AM MDT

Low capital spending throughout the pandemic did not stop North American producers from maintaining their oil and gas reserve positions.…

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Oil rebounds as virus cases decline in China ahead of US data

Wednesday, May 11, 2022, 6:22 AM MDT

Oil jumped near $103 a barrel as virus cases eased in China ahead of US inflation data that may influence…

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Oil dips with EU’s push for Russia sanctions and economy risks

Tuesday, May 10, 2022, 6:47 AM MDT

Oil fell for a second day as European Union members continue to discuss Russian oil sanctions, while broader sentiment remained…

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Oil retreats as traders weigh EU haggling and slump in equities

Monday, May 9, 2022, 6:14 AM MDT

Oil fell as investors weighed continued European Union talks about cutting Russian supplies and a flight to safety as global…

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Oil set for consecutive weekly gains as market tightens up

Friday, May 6, 2022, 6:44 AM MDT

Oil headed for its first back-to-back weekly gain since early March on signs the market is tightening as the European…

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Oil moves higher with OPEC+ ratifying another small output hike

Thursday, May 5, 2022, 6:32 AM MDT

Oil rose as OPEC+ ratified a limited production increase following the European Union’s proposed ban on Russian imports.  West Texas…

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