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2 days ago · WTI Crude Oil Forecast October 2024: Analyze key support levels, price trends, and potential market moves as global growth and demand impact crude oil prices.
1 day ago · The Canadian dollar strengthened against its U.S. counterpart on Tuesday as oil prices climbed on the escalating Middle East conflict and domestic data showed factory activity rising...
Sep 12, 2024 · The IEA Oil Market Report (OMR) is one of the world's most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries. Published September 2024.
Canada is one of the world's largest exporters of commodities, including crude oil. Crude oil exports account for 10% of Canada's . 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 .
On September 23, 2024, the Brent crude oil price stood at 74.05 U.S. dollars per barrel, compared to 70.37 U.S. dollars for WTI oil and 74.44 U.S. dollars for the OPEC basket.
The USD/CAD will see diverging central bank policy as a key driver through 2024, and the correlation between the Canadian Dollar and Crude Oil is likely to hold firm through the upcoming...
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Why are Canadian oil prices based on WCS?
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).
