Oil prices plunge, Canadian energy stocks take beating as global banking fears spread

  • 📰 calgaryherald
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 52%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

CALGARY — Crude oil prices plunged below US$70 and Canadian energy stocks took a beating Wednesday as market chaos continued amid concerns about a spreading…

The North American benchmark West Texas Intermediate plunged more than four per cent on Wednesday to around US$68 per barrel. That’s the lowest crude price since December of 2021, and it sent oil and gas stocks tumbling, marking the third straight day of losses for the sector this week.

While the risk of a steep volatile sell-off was certainly there, “what no-one expected was a consecutive series of domino-effect bank failures,” Johnston said. “Now near the mid-$60s, WTI crude’s plunge is at the mercy of how much worse the macro picture gets.”Article content

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 64. in RU

Россия Последние новости, Россия Последние новости