Market context
Follow the story. See which markets it affects. Explore the context.
Canadian manufacturing sales rebounded 1% monthly, led by petroleum products. However, economist warns sustained high oil prices could weigh on manufacturing outlook despite positive PMI signals.
Oil prices decline sharply as bond markets correlate with crude. RBC Capital removes Fed rate cut expectations, forecasting FOMC hold through 2027, with upside risks to rates amid persistent inflatio…
Exxon Mobil shares dropped 3.6% as oil prices slumped following reports of a potential U.S.-Iran peace deal, reducing geopolitical tensions and crude demand outlook.