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     Will gas prices, supplies be affected by the port strike? What experts say

     The strike, which is projected to cost the economy up to $5 billion a day, may be keenly felt in consumers' wallets if prices increase as a result, experts previously told USA TODAY ...

     USA TODAY via Yahoo

     4 hours ago

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     Financial Post

     Posthaste: More 'downbeat' data bolsters case for bigger Bank of Canada cut, says economist

     9 hours ago

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     Toronto Star

     Justin Ling: ‘I can’t help it if politicians are weak:’ How the Liberals fumbled Canada’s most effective climate plan

     5 days ago

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     Global B.C.

     Fresh fears over Middle East tensions cast cloud as energy leaders meet in Alberta | Globalnews.ca

     4 hours ago

   • Financial Post

     Bank of Korea Sees Price Stability Firming Up Ahead of Decision

     19 hours ago

   • Financial Post

     French and US companies to invest $10 billion to extract oil off Suriname's coast

     18 hours ago

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2. People also ask

   Why did Canada's oil price rise 38%?

   • The price of oil, one of Canada's major exports, climbed 3.8% to $70.78 a barrel following reports Iran was preparing to launch a missile attack on Israel.

   Canadian dollar outperforms G10 peers as oil prices jump

   www.reuters.com/markets/currencies/canadian-dollar-outperforms-g10-peers-oil-prices-jump-2024-10-01/

   See all results for this question

   Why did Canada's main stock index hit a record closing high?

   • By Fergal Smith (Reuters) -Canada's commodity-linked main stock index inched up to a record closing high on Tuesday, adding to blockbuster third-quarter gains, as resource shares benefited from higher oil and gold prices after an escalation in the Middle East conflict.

   TSX hits record closing high as rising Middle East tensions boost oil prices

   www.msn.com/en-ca/money/topstories/tsx-hits-record-closing-high-as-rising-middle-east-tensions-boost-oil-prices/ar-AA1rxRWn

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   How long does it take for oil prices to change?

   • It generally takes a couple of weeks for oil price shifts to be reflected in factory gate costs and at the fuel pumps. In the case of petrol and diesel, prices are currently at a three-year low. Any sustained increase for Brent crude may mean that is short lived.

   Why oil prices are not surging ahead as Middle East conflict escalates

   www.msn.com/en-ca/money/other/why-oil-prices-are-not-surging-ahead-as-middle-east-conflict-escalates/ar-AA1rzPfy

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   Do higher oil prices Stoke costs?

   • Higher oil prices tend to stoke costs more widely in the economy, as they feed through, due to the commodity's importance in many areas from transport to manufacturing. It generally takes a couple of weeks for oil price shifts to be reflected in factory gate costs and at the fuel pumps.

   Why oil prices are not surging ahead as Middle East conflict escalates

   www.msn.com/en-ca/money/other/why-oil-prices-are-not-surging-ahead-as-middle-east-conflict-escalates/ar-AA1rzPfy

   See all results for this question

3. • • A barrel of the North American oil benchmark is changing hands for about $90 US a barrel right now, but the heavy crude that comes from Canada's oilsands is fetching $30 less because of a perfect storm of imbalances between supply and demand. The oil blend known as West Texas Intermediate (WTI) was going for about $87 a barrel on Thursday.
     Reference:

     Price gap on heavy Canadian oil tops $30 per barrel, widest ...

4. boereport.comBOE Report - Canada's Source for Oil & Gas News

   boereport.com

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   1 day ago · The latest oil & gas news, commodity prices, drilling activity, property listings, and jobs for the oil and gas industry in Alberta and Canada.

   • Jobs

     BOE Report News Greenfire announces deferred consideration...

   • Property Listings

     Date Property Name Listing Agent Type ...

   • BOE Intel

     Keep up with the latest production, financial, and well data...

   • Markets

     Latest oil and gas and market prices courtesy of BOE Report....

   • Rig Counts/Data

     Date AB BC SK Oil Gas Other Product Active (Drilling +...

5. wowa.ca › oil-price-CanadaCanadian Oil Price (Western Canadian Select) | WOWA.ca

   wowa.ca › oil-price-Canada

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   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).

6. www.cbc.ca › news › businessOil prices are rising, but Canada is getting comparatively ...

   www.cbc.ca › news › business

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   Jun 8, 2022 · Why high oil prices aren't creating an economic boom in Canada. Typically that discount is about $10-$15 US a barrel, but recent events have pushed the gap to beyond $20. That's the widest...

   • Video Duration: 2 min

   • Author: Pete Evans

7. www.cbc.ca › news › businessPrice gap on heavy Canadian oil tops $30 per barrel, widest ...

   www.cbc.ca › news › business

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   Oct 14, 2022 · The oil blend known as West Texas Intermediate (WTI) was going for about $87 a barrel on Thursday. That's down from recent highs, but still far more than the price offered for every barrel of...

8. financialpost.com › commodities › energyOil & Gas, News, Headlines and Stories | Financial Post

   financialpost.com › commodities › energy

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   We cover breaking news and updates on Canada's oil and gas businesses, with stories on prices, stocks, product and trade developments.

9. www.cbc.ca › news › canadaOil prices continue slide as OPEC+ boosts supply despite ...

   www.cbc.ca › news › canada

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   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....

10. globalnews.ca › middle-east-tension-oil-gas-canadaFresh fears over Middle East tensions cast cloud as energy ...

    globalnews.ca › middle-east-tension-oil-gas-canada

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    21 hours ago · Global oil prices jumped on the news — the price of U.S. benchmark West Texas Intermediate was up nearly five per cent, topping US$71 per barrel midday on Tuesday. It ultimately closed up US$1. ...