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Market Update

US Crude Inventories Rise in Week

Crude oil inventories in the United States increased last week by 800,000 barrels, according to data by the US Energy Information Administration (EIA) on Wednesday. By the end of 13 November, American crude stockpiles stood at 489.5 million barrels. Meanwhile, gasoline inventories increased by 2.6 million barrels last week, while …

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Canada’s CPI Rise 0.7% in October

Canada’s consumer price index (CPI) rose in October by 0.7% on an annual basis, on the back of higher food prices, according to data by Statistics Canada. This comes following an increase 0.5% in September. The rise in inflation rate last month exceeds market expectations of a 0.4% rise in …

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