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LATEST OIL HEADLINES
OIL & GAS STOCKS TO WATCH
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7:35TSX today: Index up in afternoon trading
Gains in the energy, base metals and battery metals sectors helped Canada's main stock index move higher in afternoon trading, while U.S. stock markets were mixed.
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7:31Oil extends gains as Iraq dispute curbs exports, bank fears wane
Oil extended its recovery rally as a disagreement between Iraq and Kurdish officials curtailed exports and fears of a banking meltdown receded.
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7:31Oil jumps as supply disruptions add to broader market optimism
Oil surged to the highest in about two weeks as supply disruptions in Turkey added to broader market optimism that a wider banking contagion may be avoided.
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7:31
Oil dives afresh as equity markets slump and dollar rallies
Oil slumped the most in over a week, tracking a slide in equity markets and feeling the effects of a stronger dollar.
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7:31Oil drops as investors assess Fed's message, outlook for dollar
Oil fell as investors weighed the Federal Reserve policy outlook after another hike and digested a mixed snapshot of U.S. supply and demand.
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6:18Oil inches up as strong demand for U.S. fuel spurs optimism
Oil edged higher after U.S. government data showed exports reached a record and strong draws from fuel stockpiles.
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6:18Oil snaps oversold streak as U.S. bank assurances calm markets
Oil jumped the most since early February and restored key technical levels after U.S. government promises to protect bank depositors calmed markets.
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3:05Canada faces US$15B loss on oil pipeline, Morningstar says
Canadian taxpayers may end up taking a loss of $20 billion (nearly US$15 billion) on the government-owned Trans Mountain Pipeline after costs to expand it skyrocketed, according to Morningstar.
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6:18Oil near 15-month lows, key gauge sinks as banking jolt spreads
Oil hovered around 15-month lows as a favored spread for hedge funds to trade plunged with banking turmoil shaking confidence across markets.
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6:18Oil posts worst weekly loss since April 2020 amid bank chaos
Oil posted the worst weekly loss since the early months of the coronavirus pandemic as banking turmoil poisoned investor sentiment.