Energy news

USD/CAD is grinding higher into 1.38 resistance, with weak oil and modest yield support for USD, while 1.36 remains the key downside floor ahead of jobs data.

The WTI crude oil price is showing signs of bottoming after hitting a key support level at $55.40. It has plunged by over 25% from its highest level in 2025 and is hovering near its lowest level in years.

Crude Oil Moderately Lower on Trump Venezuela Optimism; Trump Threatens Colombia, Cuba, Greenland; BoJ Makes Hike Threat to Prop Up Yen; US Dollar Stronger; Precious Metals, Stocks Get Bump

US President Donald Trump says now that Nicolas Maduro is gone, more US oil companies will enter Venezuela and spend billions revitalizing its oil industry. Several key questions have to be answered.

WTI crude remains under pressure as repeated selling on rallies, record US output and ample global supply cap prices below key resistance, leaving the market biased to sell short-term bounces above the $55 support zone.

The $55 level has been a major floor in the light sweet crude oil market.

Nuclear energy experienced a significant stagnation following the nuclear reactor disaster of 2011 in Japan. Still, the push towards clean energy and the surge in power demand from data centers that fuel the AI hype have made nuclear energy attractive again.