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The price of oil dropped in November 2018 because of a number of factors, including "rising petro-nations’ oil production, the U.S. shale oil boom, and swelling North American oil inventories," according to Market Watch.
Oil fell the most for any month in ten years. WTI finished at $50.93, up 1% for the week but down 22% for the month, while Brent was $58.71, down 12% for the year. Higher production in the U.S., Russia and some OPEC countries meant too much supply.
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...
Aug 4, 2016 · Furnace Oil – Current weekly consumer prices for furnace oil in 30 Canadian cities plus the average Canada price. Prices by city; Prices by year; All fuels in a combined price chart; Wholesale Prices
Interactive charts of West Texas Intermediate (WTI or NYMEX) crude oil prices per barrel back to 1946. The price of oil shown is adjusted for inflation using the headline CPI and is shown by default on a logarithmic scale. The current month is updated on an hourly basis with today's latest value.
Jul 28, 2021 · Following the oil price crisis of March and April, 2020, many oil and gas companies in Canada cut back their production and investment plans. One year later the price of oil has increased to pre-crisis levels, and the recovering global economy may support a rebound in global oil demand.
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This stacked column chart illustrates residential space heating systems by stock share. Between 1990 and 2016, heating oil’s share had declined from 14.3% to 7.5%. By 2016, nearly all oil-fired furnaces in Canada were mid-efficiency. Over the same time frame, natural gas’ share had grown slightly from 44.0% to 46.8%.
