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Oil advanced after U.S. crude inventories slid to the lowest since October 2018 and as broader markets gained.
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Most Popular Articles
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Sep 21
8:44Canada's oil industry seeks support from re-elected Trudeau
Canada’s largest oil and natural gas lobbying group is calling for support from re-elected Prime Minister Justin Trudeau following an election campaign that featured vows to cut the industry’s emissions.
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Sep 20
7:44Oil ekes out gain as investors focus on supply constraints
Oil ended modestly higher after a choppy session as concerns over growing tight supply outweighed fears over the state of China’s economy.
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Sep 19
Oil declined amid growing concerns over the health of China’s economy that have triggered massive losses in equities.
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Sep 17
8:15Iron ore’s brutal collapse under US$100 flags more trouble ahead
Iron ore fell below US$100 a metric ton for the first time in 14 months as China’s moves to clean up its heavy-polluting industrial sector drive down demand for the steel.
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Sep 17
4:55Oil drops on signs of rising Russian exports and dollar gains
Oil declined amid Russia’s plans to boost upcoming overseas oil sales and as the dollar rallied.
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Sep 16
Statistics Canada says wholesale sales fell 2.1 per cent to $70.1 billion in July, as building material and supplies sales plunged due to a drop in prices for softwood lumber.
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Sep 16
9:29Oil erases losses as investors weigh crude options expiry
Oil ended the session unchanged after choppy trading with traders focused on adjusting positions in U.S. crude options ahead of expiration.
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Sep 16
3:16Climate change may halve sugar and coffee output by 2099
Production of key crops including sugar and coffee could drop by as much as 59 per cent in the long-term due to climate change, according to a report by the Stockholm Environment Institute, while wheat output may increase.
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Sep 15
Homeowners who resisted the urge to renovate during the first 18 months of the pandemic may find now is their chance, as lumber prices that soared to dizzying heights in the spring have crashed back down to earth.
