07:13:15 EDT Fri 02 Jun 2023
Enter Symbol
or Name

Login ID:

Energy Summary for Nov. 25, 2022

2022-11-25 19:58 ET - Market Summary

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Stockwatch Business Reporter

U.S. markets closed early as America went shopping for Black Friday bargains. West Texas Intermediate crude for January delivery lost $1.76 to $76.28 on the New York Merc, while Brent for January lost $1.71 to $83.63 (all figures in this para U.S.). Western Canadian Select traded at a discount of $29.07 to WTI, unchanged. Natural gas for December lost 29 cents to $7.02. The TSX energy index lost a fraction of a point to close at 262.55.

Oil prices seesawed throughout a short and thin session, ending with their third weekly decline in a row. China is grappling with spiking COVID cases, setting a fresh daily record today despite tightened restrictions in cities including Beijing, Shanghai and Guangzhou. Meanwhile, European diplomats are continuing to mull a Russian oil price cap of $65 (U.S.) to $70 (U.S.) a barrel. Traders are also keeping an eye on the U.S. Federal Reserve, whose economists warned policymakers earlier this month that the chances of a U.S. recession in the next year have risen to nearly 50 per cent.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2023 Canjex Publishing Ltd. All rights reserved.

Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.