"Crude oil prices rose due to geopolitical tensions. Last week, gold and silver ended negatively, while silver showed resilience amid base metals downturn. Energy prices were favorable, driven by crude oil increase. Key factors include US inflation data and PPI data, along with speeches by Fed governors. The headline inflation is expected to come down to 2.9%, which was 3.4% last month."
(Bloomberg) Global oil markets should remain “comfortable” this year as new supplies satisfy demand and keep prices in check, according to the International Energy Agency.Most Read from BloombergTrump Asks Supreme Court to Keep DC Election Trial on HoldPentagon Chief Austin in Critical Care for Bladder IssueTrump Says There’s ‘No Way’ Taylor Swift Can Endorse BidenTemu Spent Millions on Six Super Bowl Ads as It Tries to Win Back US ShoppersWorld consumption will increase by 1.2 million to 1.3
The Trans Mountain pipeline expansion stands to be a massive deal in the turbulent world of Canadian energy stocks and the Canadian economy at large. Undoubtedly, it’s been a long and windy road for the project, which links Edmonton to the British Columbia coast, with the latest round of delays coming courtesy of various technical issues. Indeed, delays are the last thing that the project needs, as it has been plagued with regulatory hurdles and excessive spending. That said, for investors patie