Oil jumps to $100 per barrel and stocks sink worldwide with no clear end in sight for the Iran war
The price of a barrel of Brent crude, the international standard, got as high as US$101.59 overnight
The price of a barrel of Brent crude, the international standard, got as high as US$101.59 overnight
The International Energy Agency has agreed to release 400 million barrels of oil from member nations' stockpiles
The agency reported a $1.3 billion trade deficit in December
The U.S. energy secretary said the supply of global oil is facing a ‘significant disruption’
Tom Lee told attendees at the Future Proof Citywide festival in Miami that expanding retail investor access to private markets is a mistake
The S&P/TSX composite index was down 150 points on Wednesday
Housing construction activity exceeded the 10-year average across most major markets
Debt issued by governments, companies declined to net $243B from $282B
The IEA was created in the aftermath of the 1973 oil crisis
Consumer prices rose 2.4% in February on an annual basis
The April crude oil contract was down US$11.32 at US$83.45 per barrel
Freight volumes up 8% while crude oil exports nearly doubled
Jump of 22% compares with 6.6% rise in December
April crude contract spiked to nearly US$120 before easing to under US$95
Higher oil price to benefit oilpatch, but will drag on consumer spending
Latest jobs numbers, energy prices and other economic indicators moving in wrong direction
Aim is to give employers, job seekers view into gaps and opportunities in important sectors
Clearest impact seen in decelerating rental, housing markets
Prices moderate on report that some G7 nations may release some of their strategic reserves
Market reversal comes late in the day on hopes Iran War will be shortlived
U.S. employers cut 92,000 jobs last month, a sign that the country’s labour market continues to struggle
"It’s a tense time for the U.S. economy," says chief economist Heather Long
“You can’t sugarcoat this report,” said Brian Jacobsen, chief economic strategist at Annex Wealth Management
The S&P/TSX composite index was down more than 300 points on Thursday
Project reveals how potential gains are offset by added risks, costs