Weekly Energy Market Review

Oil prices soften as OPEC trade fades • Heavy oil discount widens to over US$18 • Natgas tumbles on higher inventories and warmer weather • Energy stocks drag markets lower • Cdn midstream stocks post a decent week while US refiners hit fresh all-time highs

Weekly Energy Market Review

Dow smashes through 24,000 • US crude and natgas output reach record highs • Energy stocks end the week higher • Edmonton condensate takes a tumble • AECO prices finally stabilize • Crude oil posts fifth consecutive monthly gain

Weekly Energy Market Review

US markets power to new record highs • USD retreats and hits key support level • WTI surges on shortage of Cdn heavy crude ... sending futures curve firmly into backwardation • Heavy oil discount widens to almost US$18 • Energy markets price in extension of OPEC/Russia supply cut

Weekly Energy Market Review

Equity markets consolidate after two months of gains • Oil prices drop for the first time in 5 weeks • Heavy oil discount widens on Keystone outage • Energy stocks drag indices lower on both sides of the border

Weekly Energy Market Review

Oil prices power higher on geopolitical tensions • TSX ekes out record high • Energy stocks post another positive week • Enbridge drags on the TSX and touches 20-month low

Weekly Energy Market Review

US markets power to record highs on hopes for tax reform • loonie retreats on soft economic data • Oil prices remain stuck in a trading range • Banks raise expectations for crude into 2018 • Brent, WTI and WCS discounts keep widening • Midstream and service stocks post another ugly week

Weekly Energy Market Review

Treasuries stage a comeback on renewed geopolitical tensions • CAD retreats on sketchy outlook for NAFTA • Concerns over Iran spike oil prices higher • Global markets power to record highs, again • TSX closes in on old highs, without the help of energy stocks

Weekly Energy Market Review

USD continues to strengthen •  Global markets power higher • Nate drags oil prices lower • Energy sector breaks winning streak • Service stocks remain in the doghouse • Strong crack spreads boost refining margins ... sending refiners to new highs

Weekly Energy Market Review

Oil prices move into bull market territory • WCS ends the month 15% higher • Gasoline prices end the month 10% lower • Energy stocks stage spectacular comeback in September • Trader sentiment turns decidedly bullish • Greenback posts first monthly gain since February

Weekly Energy Market Review

Energy stocks power TSX higher • WTI (finally) holds above US$50 • Brent futures in steep backwardation • Independent refiners outperform • Interest-rate sensitive midstream stocks continue to lag

Weekly Energy Market Review

Global bond yields bounce back • US markets power to record highs • Oil prices surge on bullish demand forecasts • Cdn energy sector boost TSX • Brent closes in on multi-year highs • Producers and service stocks bounce off record lows

Weekly Energy Market Review

Markets sink lower as money moves into treasuries • Greenback breaks down sending global currencies higher • BoC raises rates, sending CAD to 2½ year high • Brent-WTI spread continues to widen • Low oil prices and soaring loonie bad for Canadian energy producers

Weekly Energy Market Review

Cenovus shares spike on pending asset sale • Harvey throws a wrench into energy markets • WCS falls while C5+ prices spike • Gas prices retreat as Gulf Coast recovers • Energy stocks post decent gain despite lower oil prices

Weekly Energy Market Review

Global bond yields tumble • US dollar hits 2-year low • Oil prices stuck in narrow trading range • Harvey widens crack spreads • Integrated and midstream players remain best performers • Service stocks continue to lag

Weekly Energy Market Review

Lower stockpiles & falling rig counts put a floor under oil prices • Natural gas retreats on low cooling demand • Energy sector weakness continues to pull Canadian and US indices lower

Weekly Energy Market Review

War of words between Trump and North Korea pull global markets lower • Oil prices decline as world output rises again in July • Cdn energy stocks fall 2% • US energy stocks retreat to lows of last April

Weekly Energy Market Review

Loonie takes a hit on weak trade data, dragged lower by energy exports • WTI touches US$50 and retreats as traders hit the sell button • Cdn light & heavy differentials begin to widen • Natgas prices continue to tumble from July highs

Weekly Energy Market Review

Money flows out of USD and into commodities • Oil prices rally 15% from lows of June • WCS gains over 10% as heavy oil discount falls below US$10 • Energy stocks help power US markets to new record highs • E&Ps reduce capital spending on lower-than-expected oil prices.