Investors sift through "ugly" jobs report in Canada, U.S. economic data
Iran War has choked off most tanker transport through the Strait of Hormuz
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
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