Sentences with phrase «oil slump»

After oil slumped, the Canadian dollar fell in lockstep, eventually bottoming out near 77 cents in early March, 2009.

On Monday, to no one's surprise, Iran ordered an increase in production by 500,000 barrels, and the market responded with oil slumping below $ 28.

Meanwhile, rising inflation and expectations for higher interest rates sent the U.S. dollar to fresh two - week highs as oil slumped on renewed glut risks.

But Halliburton increased its market share during the oil slump, and it should thrive when U.S. producers go into growth mode again.

From one perspective, Exxon's stock is a victim of its own stability: It fell only 30 % during the oil slump and has already recovered much of the ground it lost, so money managers don't expect it to rally much further.

The bank also said the bulk of the oil slump's negative effects will strike the Canadian economy in the first half of 2015 — and could be more front loaded than it had predicted.

Last week, the Bank of Canada blamed the oil slump for its unexpected decision to cut its interest rate for the first time since 2009.

As time passed, it became clear that the oil slump was more than just a temporary downturn — it was also an eye - opener for those who had relied on Big Polluters for so long.

However, independent oil trading companies, such as Singapore based Trafigura, saw the even brighter side of 2015's oil slump.

(Bloomberg)-- Houston, battered by the oil slump and Hurricane Harvey, is taking yet another hit.

Experts also say that the oil slump will mean that interest rates won't rise as they were expected to.

The oil slump has dragged down housing sales and prices in the energy heartland province of Alberta, and Vancouver slowed sharply after the government introduced a 15 per cent tax on foreign buyers in August.