Oil Capitulates On Global Recession Fears

Oil Capitulates On Global Recession Fears

Breaking through new technical levels, Brent crude has plummeted nearly 4.6%, below $90, and WTI has plunged to $82, shedding over 5%, as fears of global recession appear to be driving the oil markets into a longer-term spiral downwards. As of 12:40 p.m. EST, Brent crude is trading down 4.57% at $88.59 per barrel for … Read more

‘Politics is the cancer on government’ — and Conservative leadership candidate Roman Baber says he has the cure

‘Politics is the cancer on government’ — and Conservative leadership candidate Roman Baber says he has the cure

OTTAWA—Pierre Poilievre may be the front-runner in the Conservative party’s leadership race. But when he comes to one of the main themes of this contest, there’s another contender who has walked ahead of him — and in one case, literally. In mid-June, former Ontario MPP Roman Baber walked for 15 kilometers on the shoulder of … Read more

Copper Prices Plummet To Lowest Levels Since 2020

Copper Prices Plummet To Lowest Levels Since 2020

Copper price action continues to show massive bear trends and signals further declines. The continuous breakdown of short-term trading ranges fosters a volatile market. This leaves industrial buyers at risk of inventory value fluctuations. Spike in COVID Cases Puts China’s Recovery in Limbo and Affects Copper Prices The highly infectious BA.5.2 sub-variant of the coronavirus … Read more

Alberta UCP leadership candidate Danielle Smith promises immediate sovereignty act

Alberta UCP leadership candidate Danielle Smith promises immediate sovereignty act

One of the front-runners to replace Jason Kenney as Alberta’s premier says if she wins, legislation would come this fall to ignore federal laws along with steps to create a provincial police force and tax-collection agency. Danielle Smith said the legislature would need to pass an Alberta sovereignty act as soon as possible to allow … Read more

China’s Oil Demand Growth Threatened By Latest Covid Outbreak

China’s Oil Demand Growth Threatened By Latest Covid Outbreak

Just as China was returning to business as usual after the latest string of lockdowns, an “explosive” outbreak in a Beijing district could derail this. “The recent outbreak … is strongly explosive in nature and widespread in scope,” said a spokesperson for the Beijing municipal government over the weekend, as quoted by Reuters. The outbreak … Read more

Oil Slips As Lockdowns Return To Parts Of Shanghai

Oil Slips As Lockdowns Return To Parts Of Shanghai

Oil prices inched lower early on Thursday in jittery trade as parts of Shanghai returned to COVID lockdowns just a week after reopening, overshadowing another drop in US gasoline inventories and strong fuel demand globally despite record-high prices. As of 10:43 am EST, WTI Crude was down 0.19% at $121.86, and the international benchmark, Brent … Read more