Oil

16 May 2026
Canada inflation seen at 3.1% as energy lifts headline, while core stays near 2.1%

Canada’s April inflation seen at 3.1% y/y, 0.6% m/m, driven by energy, base effects.

16 May 2026
Rabobank Warns Hormuz Disruption Would Lift Oil Prices, With Europe Shortages Only on Prolonged Closure

Rabobank model suggests short Hormuz disruption boosts prices; yearlong closure depletes Europe buffers, forcing demand cuts.

16 May 2026
India Raises Petrol and Diesel Prices as Crude Surge Adds to Inflation and RBI Rate Risks

India raised petrol and diesel prices by about INR 3 per litre, risking higher inflation pressures nationwide.

15 May 2026
USD/CAD hits monthly highs as Fed hike bets lift dollar, BoC cut prospects weigh on loonie

USD/CAD hit monthly highs above 1.3750 as risk-off sentiment, rising yields, and Fed hike odds lifted dollar.

15 May 2026
WTI tops $100 as Trump touts China crude-buy pledge, with Hormuz uncertainty supporting volatility

WTI topped $100 after Trump-Xi talks; China crude-buy claim unconfirmed; indicators bullish, key resistance at $103.80.

15 May 2026
China urges swift reopening of Strait of Hormuz as WTI holds near $98 amid tensions

China urges reopening Hormuz Strait and lasting ceasefire; says it benefits U.S., Iran, region; WTI steady.

15 May 2026
Trump Sees Xi Leveraging Iran Influence as Oil Volatility Rises on Strait of Hormuz Risks

Trump says Xi could influence Iran, offers negotiation help, keeping Strait of Hormuz open. He warns patience.

15 May 2026
Oil Holds Gain as Hormuz Shutdown Tightens Supply

Oil steadies near weekly gains as Hormuz stays shut, inventories fall, and US-China talks shape demand.

15 May 2026
UOB lifts 2026 US CPI forecasts as broader price pressures persist and oil risks cloud Fed outlook

UOB warns inflation pressures are broadening, raises 2026 CPI forecasts, with oil risks potentially pushing headline near 5%.

15 May 2026
EIA Natural Gas Storage Build Meets Forecast as Market Focus Shifts to Summer Weather Risks

EIA reported an 85 bcf U.S. natural gas storage build for week ending May 8, matching forecasts.

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