With oil investors and traders focused on an oil-price rally that has come close to $100 a barrel, some grades of crude oil CLX23 are already trading above that milestone, highlighting an ...

Morgan Stanley cut its forecasts for the second half and softened its view that Brent crude will surge past US$100 a barrel, while Bank of America Corp. said it sees less risk of a price jump due to ...

OPEC+ agreed on Sunday to raise oil production by 547,000 barrels a day for September, the latest in a series of accelerated ...

U.S. crude futures surpassed $90 per barrel on Thursday for the first time since November 2022. West Texas Intermediate (CL=F) jumped 1.8% to settle at $90.16. Brent crude futures (BZ=F) also ...

WTI crude futures rise after a 3.2M barrel inventory draw, beating forecasts and strengthening bullish sentiment. Oil trades above long-term pivot at $65.38 and key moving averages at $63.70 and ...

Gasoline inventories fell in the week ending July 4 by 2.2 million barrels, on top of last week’s 1.920-million-barrel increase in the week prior.

Canada’s oil and gas drilling rigs are having a slow start to the summer — even as talk of a potential new pipeline heats up. The latest data shows just over 160 rigs were actively drilling for oil ...

TORONTO - Canada’s main stock index eked out a small gain Wednesday despite losses in the energy sector as oil fell below US$70 a barrel, while U.S. markets rose as investors anticipate the ...

As world oil prices continue their wild ride, energy experts say technology and cost-cutting have made Canadian oil sands amongst the lowest cost producers of oil in North America.