welcome
calgaryherald

calgaryherald

Business

Business & Economics

Canadian energy stocks dragged down by steep drop in global crude oil prices

calgaryherald
Summary
Nutrition label

63% Informative

West Texas Intermediate crude, the key U.S. benchmark, dropped as low as US$60.45 per barrel today .

The energy index on the TSX was down 8.5 per cent mid-afternoon on a day when the overall Canadian stock market was off about four per cent .

Alberta budget is forecasting oil prices at US$ 68 per barrel and the provincial government says every drop in the WTI price means a C$750 million hit to the provincial treasury.

VR Score

76

Informative language

79

Neutral language

71

Article tone

formal

Language

English

Language complexity

50

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Small business owner?

Otherweb launches Autoblogger—a revolutionary way to bring more leads to any small business, using the power of AI.