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CALGARY - Crude oil prices slumped to a 10-month low Monday morning before rebounding at midday, adding to the volatility that has dogged the Canadian energy sector recently.
A barrel of the North American oil benchmark is changing hands for about $90 US a barrel right now, but the heavy crude that comes from Canada's oilsands is fetching $30 less because of a perfect storm of imbalances between supply and demand.
Rory Johnston on the wild ride of oil prices and where they may end up
The idea that implicit or explicit sanctions of Russian oil would lead to higher prices was not entirely unfounded. Prices shot up after the United States and Canada banned new imports in response to the invasion of Ukraine. And Western oil...
The price of a barrel of oil fell to its lowest level since February on Thursday, as investors respond to growing fears that a looming recession will drastically reduce demand for energy.