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Jun 8, 2022 · The benchmark North American oil price, a crude blend known as West Texas Intermediate or WTI, was changing hands for $119 US a barrel on Tuesday — within striking distance of the multi-year ...
- 2 min
- Pete Evans
3 days ago · Crude oil prices fell 1% on Tuesday as weak U.S. consumer confidence data fed worries about the economic outlook and fuel demand after a slow start to the U.S. summer driving season.
USD/CAD and the oil price have a positive correlation. (The y-axis to USD/CAD is reversed.) When oil prices rise, the Canadian dollar . CAD peaked out and reversed before oil prices did in 2008 and 2014. Canada is one of the world's largest exporters of commodities, including crude oil.
1 day ago · WTI futures traded at $81.94 per barrel, as of 9 a.m. ET. Year to date, WTI prices are up by 11.57%. Brent futures traded around $85.12/bbl, an increase of 0.72% in the last 24 hours. Year to date ...
Aug 14, 2023 · U.S crude oil exports to Canada averaged 305,000 b/d by volume in 2022, a slight decline from 2021. By value, U.S crude oil exports increased by 43% in 2022, totaling $11.9 billion. U.S. crude oil exports to Canada are typically low-density and low-sulfur crude oil grades shipped to Eastern Canada.
Jun 4, 2024 · Oil prices continued their slide on Tuesday on skepticism about an OPEC+ decision to boost supply later this year into a global market where demand has already shown signs of weakness.
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Mar 7, 2024 · This new export conduit will allow Canadian oil to more efficiently reach the U.S. and new international markets, tighten the discount for Canadian crude prices, and provide a boost to resource revenues.
