The price of crude oil has continued to drop, with West Texas Intermediate falling below $63 per barrel on Wednesday. … READ MORE >
oil prices
Canada’s consumer price index steady due to cooling housing market
Canada’s consumer price index rose 1.7 per cent in May thanks to a more balanced housing market and smaller increases in travel prices. … READ MORE >
Market Minute: Supply shocks and inflation expectations
The escalation of hostilities in the Middle East over the weekend could very well be the next step in a broader global supply shock. … READ MORE >
Market Minute: Tanker traffic through Strait of Hormuz at risk
The prospect of an expansion of hostilities in the Middle East has put in focus a potential oil supply shock if shipping through the Strait of Hormuz is significantly disrupted. … READ MORE >
Market Minute: Central banks not immune to rising gas futures
Between May 30 and June 17, gas futures increased by 10.2% in the United States and by 16% in Europe. … READ MORE >
The U.S. is in better position to endure an oil and gas shock
Overall, the impact of the most recent Middle East conflict on the U.S. economy will be muted, but the risks of the conflict expanding remain. … READ MORE >
Market Minute: Why OPEC+ is increasing oil production amid lower prices
While lower oil prices often translate to lower gasoline prices, the recent decoupling between oil and gas prices shows there’s more at play. … READ MORE >
Market Minute: Oil prices are falling, so why not gas?
Since hitting $80 a barrel on Jan. 15, a barrel of West Texas Intermediate crude has fallen by nearly 30%, hitting $56.69 on May 5. Retail gasoline prices, meanwhile, have risen slightly. … READ MORE >
Oil industry uncertainty around costs and prices risks production downturn
While oil and gas companies have voiced support and even enthusiasm for the administration’s “drill baby drill” policies, the Dallas Fed’s energy survey for the first quarter reflects a different perspective. … READ MORE >
Global economic outlook for 2025: Modest growth amid trade tensions
Global growth in 2025 will expand at a modest 2.5% pace as the sluggish recovery from the pandemic continues, according to our forecast. … READ MORE >