The natural gas shortage in Europe sends prices to the sky and a new record high.

New Covid-19 variant spreads fear over the markets. With crude oil being one of the worst hit ones.

On Thursday, the USD/CAD price continued to move higher after the Bank of Canada broke out of the 1.2600 area and gained some momentum.

Stocks were mainly lower today, as we saw risk-off take hold of several asset classes.

In thinking about benchmarks, does it matter right now which oil price to refer to?

It is likely the transition away from fossil fuels will proceed more slowly. The US EIA crude inventory data reveal the US working inventory growth rate is 3.5% from a combination of domestic consumption and exports of refined products.