The April crude oil contract was down US$11.32 at US$83.45 per barrel
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
Prices moderate on report that some G7 nations may release some of their strategic reserves
The S&P/TSX composite index was down more than 300 points on Thursday
On Thursday, the price of oil spiked to its highest level since the summer of 2024
In financial markets, worries are centred on how long the war with Iran could last
Fears of a drawn-out Middle East conflict are driving a risk-off sentiment in stock markets
Reliability, stability of Canada as an energy producer make it a partner of choice for Europe, Asia: policy analyst
Economists warn the war could upend forecasts, depressing growth, stoking inflation and increasing debt