The benchmark commodities for crude oil were trading low as of Thursday afternoon, with West Texas Intermediate at US$68 a barrel and Western Canadian Select at US$52 a barrel."If you look at oil prices here in the last week, it's pretty drastic how much they've fallen off, but I would say this is almost a bit of the new reality that we have going forward here," said Jeremy McCrea, managing director of energy research at Raymond James.
Markets also saw a pronounced turnaround from Zurich-based Credit Suisse as shares surged Thursday after the Swiss central bank agreed to loan Credit Suisse up to 50 billion francs shortly after the lender reported weaknesses, prompting concerns about a potential global economic slowdown.
Raoul Leblanc, North America energy market analyst for S&P Global insights, says Alberta energy companies use the rally of 2022 to put themselves in a good position.
Blaming it on NDP again?
So the new UCP platform today is Cut cut cut cut.