Oil steadies and global shares are mixed as Iran war fuels energy supply concerns
BNN Bloomberg
Oil prices steadied on Friday on the intensifying Iran war to around US$110 a barrel, while global shares were mixed following Wall Street losses.
U.S. futures were down more than 0.4 per cent.
A Kuwaiti oil refinery came under Iranian drone attack early Friday as Tehran shows little signs of letting up on its attacks on Gulf region energy structure.
Oil prices had a roller-coaster day on Thursday with Brent crude, the international standard, briefly surging to around US$119 per barrel as attacks by Iran escalated after Israel’s attack on Iran’s key natural gas field.
On Friday, Brent crude resumed its gain following a dip earlier in the day, rising 1.6 per cent to $110.36 a barrel. Benchmark U.S. crude was up 0.3 per cent to $95.80 a barrel.
Israeli Prime Minister Benjamin Netanyahu said late on Thursday he would hold off on further attacks on Iran’s gas field at the request of U.S. President Donald Trump.
In the latest episode of Ticker Take on YouTube, I spoke with Madden, chief investment officer at First Avenue Investment Counsel, about how his team searches for companies that score well across multiple investment disciplines.
Oil prices steadied on Friday on the intensifying Iran war to around US$110 a barrel, while global shares were mixed following Wall Street losses.
With energy markets reeling due to the U.S.-Israel war on Iran, there are calls for British Columbia to ramp up its production of liquefied natural gas.
Iran intensified its attacks on oil and natural gas facilities around the Gulf on Thursday, raising the stakes in a war that is sending shock waves through the global economy.
Canadian and U.S. stock markets fell on Thursday as higher oil prices stoked inflationary fears.
Canadian securities regulators on Thursday announced a pilot project to allow smaller issuers to voluntarily adopt a semi-annual financial reporting framework, in a bid to ease the regulatory burden for public companies.
ETF strategies shift to defensive sectors while targeting growth opportunities as volatility and geopolitical risks reshape investor sentiment.
When U.S. President Donald Trump returned to office last year, he launched a crusade to shift the country away from renewable energy, drastically undoing the climate-friendly policies of his Democratic predecessor to focus instead on oil and other fossil fuels as the answer to his goal of American energy dominance.
Markets remain resilient despite oil surge from Middle East conflict, as investors watch inflation risks and potential supply disruptions.
The federal government is buying 30,000 new modular assault rifles for the Canadian Army from Colt Canada in a $307 million procurement deal.
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The CEO of natural gas pipeline operator TC Energy Corp. says Canada risks missing out on opportunities to provide global markets with a secure supply of energy if permitting timelines aren’t significantly shortened.
Canada’s population decline is easing rental demand and weighing on housing as interest rates remain elevated and activity stays subdued.