Glacier FarmMedia COVID-19 & the Farm

Global Markets: Crude oil falls to yearly lows

By Commodity News Service Canada

WINNIPEG, Nov. 23 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.

– Crude oil prices were at their lowest levels in more than a year Friday morning, as concerns over oversupply and a soft global economic outlook weighed on values. OPEC members meet in Vienna on Dec. 6 and are expected to move towards curtailing output.

– United States President Donald Trump and Chinese President Xi Jinping are scheduled to meet in Argentina at the G20 summit next week. Investors are divided over whether or not any constructive headway on trade relations will be made.

– Canada’s consumer price index rose at an annual rate of 2.4 per cent in October, according to a report from Statistics Canada. Average market estimates had been for the inflation rate to hold steady at September’s level of 2.2 per cent.

COPA Medallion COPA finalist in 2012, 2014 and 2015.
©2021 AGCanada is a production of Glacier FarmMedia Limited Partnership. Any affiliated or third party content is the property of its respective owner and is used with permission.
Please refer to Copyright Page for details.
Click here to view our Website Terms of Use.