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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (142052)	1/4/2023 9:21:48 AM
From: Goose94	Read Replies (1) \| Respond to of 203330

Crude Oil: Extends Declines As Demand Concerns Weigh Sort of an inauspicious start to the 2023 for oil, which is already down 6.5 per cent just two trading sessions into the new year. U.S. benchmark West Texas Intermediate is down another 2.5 per cent this morning to dip below US$75 per barrel, extending yesterday’s losses (which were the steepest since November.) A couple of things at play here – concerns over a U.S. recession and the impact of the rising case counts in China after Beijing scrapped a slate of COVID measures seem to be the main drivers of the latest declines. That general price weakness was on full display during yesterday’s trade on the TSX – the three main drags on the index were Canadian Natural Resources, Suncor and Cenovus, collectively taking 57 points of the table as the major millstones of the day. BNN.ca