Sentences with phrase «oil prices hit»

In early February, crude oil prices hit a 52 - week low around $ 44 per barrel, capping off a staggering decline from a 52 - week high of about $ 100 in mid-2014.

That will rise further if energy prices continue to climb - which is likely after oil prices hit yet another high this week.»

Oil prices hit a fresh record high above $ US145 a barrel overnight.

And the potential markets look likely to grow as oil prices hit new highs and environmental regulations get tighter.

Related: Can Oil Prices Hit $ 65 This Week?

«Now suddenly nothing can go wrong for it, which is quite an amazing turn of events given the fact that oil prices hit multi-year lows in January and financial markets were struggling mightily because of the concerns about weak growth,» Porter said.

Oil prices hit $ 140 dollars per barrel under their watch, and stabilized at about $ 100 - 110 for a number of years.

Nowhere has low oil prices hit harder than in Alberta, and the government's finances in particular

The negative effects of lower oil prices hit the economy right away, and the various positives - more exports because of a stronger U.S. economy and a lower dollar, and more consumption spending as households spend less on fuel - will arrive only gradually, and are of uncertain size.

World oil prices hit recently their highest level in over two years.

Crude oil prices hit new lows earlier on Friday, as everything continues to indicate that oil producers are pumping relentlessly.

While summer is meant to be the season where oil prices hit their annual highs, the price of crude oil has plunged recently.

In commodity markets, oil prices hit their highest level in approximately two months on Monday morning as the U.S. considers sanctions against Venezuela.

TORONTO — The Toronto stock market closed higher as energy stocks advanced while oil prices hit a 16 - month high and traders took in a mixed batch of U.S. earnings.

SINGAPORE, April 24 - International oil prices hit their highest levels since late 2014 on Tuesday, pushed up by expectations of renewed U.S. sanctions against Iran and as OPEC continues withholding supplies amid strong demand.

«Particularly with oil prices hitting lows at some point in the first quarter... lots of sub investment - grade firms could be under a lot of stress, and for those with stronger balance sheets, those companies could take this as an opportunity to buy and acquire assets,» Deshpande said in a phone interview.

Not exact matches

NEW YORK, April 24 - Oil prices were little changed on Tuesday after Brent hit its highest level since November 2014, supported by strong demand, OPEC - led production cuts, and the prospect of renewed U.S. sanctions on Iran.

In 2008, Jeff Rubin, then an economist with CIBC, predicted the price of oil would hit $ 225 a barrel in four years.

Oil prices have recently hit their highest levels since the end of 2014.

A Royal Bank of Canada report released in early January even suggested that the benefit of a low dollar for exporters, coupled with an upswing in the U.S. economy and increased consumer spending in Canada, could offset the economic hit of low oil prices.

Suncor is Alberta's biggest company by assets, but a near 50 % drop in oil prices in 2015 hit the company hard.

Western Australia's only onshore oil producer has suspended production after being hit by the low oil price and the high cost of trucking its output to Wyndham rather than the much closer port at Broome.

Last year, funds that bet on an oil - price recovery were hit as crude in June fell to $ 42.05, the low for the year.

Malaysia's shares and currency have been hit with a toxic brew of declines in the prices of its commodity exports, especially palm oil and crude oil, as well as what may be the country's worst - ever political scandal, which has spurred protests calling for the removal of the prime minister from power.

The best explanation for the rise, according to the CEOs, is that oil hit an irrational bottom price of less than $ 35, and is now returning to normal.

It says the economy, hit hard by low oil prices, will benefit from the growth of an entertainment industry.

Oil prices took off when the crisis hit Egypt, threatening to choke off oil supply lines by closing the Suez CanOil prices took off when the crisis hit Egypt, threatening to choke off oil supply lines by closing the Suez Canoil supply lines by closing the Suez Canal.

«With so much supply landlocked, Canadian oil prices are taking a serious hit,» Casey Research energy analyst Marin Katusa wrote in a late June investment note that estimated that Western Canadian Select, a heavy crude, was trading for a whopping US$ 23 less than WTI; a gap 30 % larger than the average differential between 2006 and 2010.

Oil service companies are getting hit because they are focusing their efforts on offshore drilling, an industry struggling due to low oil prices that can not justify conducting more typically lucrative deep - water drilling projecOil service companies are getting hit because they are focusing their efforts on offshore drilling, an industry struggling due to low oil prices that can not justify conducting more typically lucrative deep - water drilling projecoil prices that can not justify conducting more typically lucrative deep - water drilling projects.

After months of higher input costs for manufacturers, the simultaneous spike in food and oil prices is a double whammy that is now starting to hit consumers.

Morgan Stanley also noted that oil and gas exports account for nearly 16 percent of Malaysia's gross domestic product (GDP), and the sector has been hard hit by crude prices falling below $ 50 a barrel again.

U.S. airline stocks hit a 13 - year high this week as they gained momentum from lower oil prices and increased travel spending by Americans in an improving economy.

The firm employed a long - short strategy — it went long on the stocks that took a big hit from falling oil prices and shorted those that didn't.

Hit hard by falling oil prices, Marathon resorted to divesting assets,

Brent crude, the international benchmark for oil prices, rose to $ 70.37 on Monday, while U.S. West Texas Intermediate crude reached $ 64.89 on Tuesday, both hitting more than three - year highs.

HOUSTON, Jan 26 - Oil prices settled higher on Friday after hitting three - year highs, with crude also posting a weekly gain as a weaker U.S. dollar underpinned prices.

This suggests oil must repeatedly hit new highs for the price to act as a firm ceiling on economic growth.

The March increase was the largest year - over-year move since it hit 2.4 per cent in October 2014, just as the oil - price slump was getting underway.

Oil prices were weeks away from hitting an all - time low back then.

The Russian economy has been hit by low oil prices and western sanctions and is set to contract 0.6 percent this year, according to data from the International Monetary Fund.

The energy sector was certainly hard hit by the sharp drop in oil prices.

The increase in U.S. oil production since 2006 to 6.5 million bpd has resulted in a sudden pipeline capacity and pricing squeeze that only months ago was predicted to hit years in the future, if at all.

On Wednesday, oil prices were trading higher, after hitting a three - month low earlier in the week.

Troop reductions hit the United States Army hard and the drop in oil prices has not been kind to companies that serve the energy industry.

Oil's drop in price is affecting states across the country in different ways, but Alaska's hit has been the hardest.

The benchmark price of U.S. crude oil last week hit US$ 68.64 per barrel, the highest since December 2014.

Scoring a major asset at a time when oil prices had hit major lows has transformed Perth - based junior Kalrez Energy NL from a gold explorer to an oil and gas producer.

Low oil prices are hitting U.S. railroads hard, according to a WSJ report.

As the headquarters city of choice for the energy industry, Calgary has been hit hard by the slumping price of oil.

After crashing last year and then hitting several peaks and valleys, oil prices have traded within a relatively narrow range, with WTI bouncing around a bit above and below the $ 60 per barrel mark, and Brent staying near $ 64 per barrel.