Oil

Canadian Oil and Gas Leadership: An Interview with Chris Slubicki

This week we interview Chris Slubicki President and CEO of Modern Resources, a Western Canadian oil and gas producer that is an environmental leader.  Chris is an advocate for the Canadian oil and gas industry, his video about the reality of global energy demand and Canada’s unique position for ...

May’s Resignation means Brexit is Back to Square One

One word perfectly sums up the events of this week. Disappointing.  For some it began with the uninspiring conclusion of Game of Thrones, long-term stock investors grimaced at the lack of progress with the US-China trade war, and FX traders will see the British pound remain in limbo after Prime Mi ...

A Cold Summer For Stocks?

Today, CNBC reports stocks continued their five-week decline after a brief rally when President Donald Trump said the ongoing trade war could be over quickly:The Dow Jones Industrial Average is down about 1% this week and is on pace to post its fifth consecutive weekly decline, its longest since 20 ...

Oil steady but set for 2019′s biggest weekly loss

Oil prices were steady on Friday ahead of long U.S. and UK holiday weekends, but were on track for its biggest weekly drop of the year, pressured by rising inventories and concern over an economic slowdown. Brent crude rose 12 cents to $67.88 a barrel by 11:57 a.m. ET (1557 GMT) but the global benc ...

OANDA Market Insights podcast (episode 66)

OANDA Senior Market Analyst Alfonso Esparza previews the week’s business and market news with Jazz FM Business Breakfast presenter Jonny Hart. Theresa May resignation as UK PM, the EU elections and China not backing down on US-China Trade War. May’s Resignation means Brexit is Back to Squ ...

Gear Energy Ltd. Announces Update to Credit Facilities

CALGARY, May 24, 2019 /CNW/ – Gear Energy Ltd. (“Gear“) (TSX: GXE) today announces that the annual borrowing base redetermination of its credit facilities has been finalized. The amended credit facilities have been reduced from a total $115 million to $90 million and is now comprised of a $70 ...

Weekly Market Review & Outlook - Small-caps, Retail and Oil Lead Lower

Retail, Banks, Semis and Oil. S&P 500 Corrects with Bigger Uptrend. Index Breadth Table Remains Net Bullish. AD Percent Down Days Weigh in May. Small-caps Lead the Way Lower. Charts to Measure Risk On/Off. Sector Shift in May. Sector Breadth Table Remains Bullish. Healthcare ETFs Hold Up Well. Art's ...

Dow rebounds 150 points after Trump predicts a quick resolution to trade war

Stocks opened higher on Friday after President Donald Trump said the ongoing trade war could be over quickly, but equities were still on pace to close lower for the week. The Dow Jones Industrial Average rose 150 points while the S&P 500 gained 0.5%. The Nasdaq Composite outperformed, climbing 0.7% ...

Energy and commodities highlights: US steel and aluminum tariffs, Middle East oil and electric power

Tariffs and trade deals are sticking to the top of the commodities agenda, after the US reached an agreement to remove Section 232 tariffs on steel and aluminum imports from Canada and Mexico. The deal, announced on May 17, removes US import tariffs of 25% on steel and 10% on aluminum, without impo ...

Crude Oil Plunges, Energy Crushed

Market Recap for Thursday, May 23, 2019 Energy (XLE, -3.35%) has been a relative laggard for the past 8 years, mostly due to a rising U.S. Dollar Index ($USD).  The group took another big blow yesterday as crude oil prices ($WTIC, -5.71%) tumbled and had its worst day of 2019.  It raises the pos ...