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Selected Crude Oil Price Daily November 2019 (Canadian dollars per cubic metre) Explanatory Note for Crude Oil Prices. All prices are settlement prices, for delivery in the prompt month. Prices are based on daily closing prices posted on NYMEX in US dollars per barrel.
Dec 30, 2018 · Oi prices rose in 2018 because they were underpinned by robust fundamentals of the global oil market, namely a global economy growing at 3.9%, global oil demand adding 1.59 million barrels...
May 17, 2024 · How Crude Oil Prices are Determined. The price of oil is set in the global marketplace. Oil is traded globally and can move from one market to another easily by ship, pipeline, or barge. As a result, the supply/demand balance determines the price for crude oil around the world.
Western Canadian Select (WCS) is the most important oil price index in Western Canada. The price received by Canadian oil producers is often based on WCS. Limited transportation infrastructure causes a large discount in WCS in relation to West Texas Intermediate (WTI).
- Jittery Markets, Uncertain U.S. Outlook
- Rising Rates, High Household Debt
- Late Stages of Business Cycle
- Loss of GM Plant
In addition to the pullback in crude prices, experts point to jitters in the financial markets, predictions the American economy — a key contributor to Canadian growth — will start to cool off and the United Kingdom's difficult divorce from the European Union, which could ripple across the global economy. There's also potential for an even bigger t...
In Canada, potential trouble spots include the combination of high household debt,rising interest rates and slowing wage growth that's been "terrible" for about half a year following a good pickup early in 2018, said Matt Stewart, director of economics for the Conference Board of Canada. Higher interest rates, Stewart added, have delivered a hit to...
"We are in the late stages of a business cycle," he said. "That doesn't mean that a recession is around the corner, but we need to recognize that we're 10 years into an economic recovery, expansion. Business cycles are typically eight to 10 years long." Alexander said markets are probably overreactingto the possibility that another downturn could b...
Ontario's industrial sector will also face a big hurdle in 2019. General Motors has announced plans to shutter its plant in Oshawalater in the year, a move that would put 2,500 people out of work and inflict economic pain on the region. Bank of Montreal chief economist Doug Porter said Canada already took a small step back in 2018 — and he expects ...
Jun 8, 2022 · Canadian oil inventories are already at their highest level since 2019, and they're poised to increase this month, according to Bloomberg data. Against the backdrop of that excess supply and...
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