Financial

Oil prices rose on Friday and are headed for their largest weekly gain since last July due to increasing tensions in the Middle East and OPEC’s report showing global oil stocks rapidly declining. Statoil photo [Read more]

Oil prices slipped slightly on Thursday as the rising US dollar cut short a rally earlier this week that boosted crude prices to levels not seen since late 2014.  Anadarko photo. Oil prices dip despite [Read more]

Oil prices jumped on Wednesday after Saudi Arabia reported it intercepted missiles over its capital city of Riyadh, increasing Middle East tensions.  Reuters photo by Faisal Al Nasser. Oil prices up almost 2 per cent Wednesday [Read more]

Oil prices rose above $70/barrel on Tuesday after Chinese President Xi Jinping promised to open up China’s economy further and lower import tariffs.  BP photo. Oil prices up, gold US Treasuries under pressure Oil prices [Read more]

Oil prices rose on Monday after an air strike rocked a Syrian air base this past weekend.  Prices were up despite investors’ concerns over a possible trade war between the US and China.  Anadarko photo. [Read more]

US oil prices fell just under 2 per cent on Friday after US President Donald Trump threatened to tariff more imports from China, reigniting fears of a trade war between the world’s two largest economies.  [Read more]

Oil prices edged up slightly on Tuesday after posting their largest one-day drop in nearly a year on Monday.  Investors are concerned about rising Russian output and the blooming trade war between the US and [Read more]

Oil prices fell over 2 per cent on Monday on reports that Saudi Arabia will cut prices for its Asian customers in May and rising production in Russia.   Oil prices fall over 2 per cent [Read more]

Oil prices rose on Thursday as crude stayed in sync with Wall Street.  Investors continue to weigh concerns about rising US crude stocks against effective OPEC supply cuts.  Statoil photo. Oil prices are up about [Read more]

Oil prices fell over 1 per cent on Wednesday after data from the US Energy Information Administration reported a surprise increase in US crude stocks, mostly due to increased imports.  Tulsa World photo. Oil prices [Read more]

Oil prices hit $71/barrel on Tuesday due to OPEC’s supply cut pact and growing tensions between Saudi Arabia and Iran.  As the session continued, oil prices retreated and settled in close to Monday’s values.  Apache [Read more]

Oil prices dipped in Monday trading as investors took profits from last weeks gains, however, concerns over tensions involving Saudi Arabia and Iran supported the oil market.  Anadarko photo. Brent oil prices gained 6.4 per [Read more]

Oil prices hit their highest level since late January on Friday after Saudi Arabia’s energy minister said the OPEC cuts need to be extended into 2019.  Anadarko photo. Oil prices hit session high of $70.22/barrel [Read more]

Oil prices almost hit $70/barrel earlier in the session, but dipped slightly as investors took profits following the week’s rally.  Anadarko photo. US oil prices down about 1 per cent Thursday Oil prices fell slightly [Read more]

Oil prices rose as tensions in the Middle East escalated following a meeting between Saudi Arabia’s Crown Prince Mohammed bin Salman and US President Donald Trump on Tuesday, raising speculation that sanctions against Iran could [Read more]