Today’s energy market action:
- Brent and WTI move up 1.5% …
… taking Cdn benchmarks along for the ride. - Gasoline and Henry Hub also post gains.
- Energy stocks outperform on both sides of the border.
- US crude stockpiles drop over 10M barrels …
… despite new record in total US output.
Today’s notable energy news:
- CER becomes the new NEB.
- Enbridge‘s Mainline saga takes another turn.
- Obsidian Energy‘s Peace River partnership sale falls through.
- G2S2 Capital boosts stake in Bonavista Energy.
- Morgan Stanley gets a little more bearish on oil prices.
- Trump gets caught between corn farmers and oil refiners.
