Canada Crude Oil Production: Canada Crude Oil Production is at a current level of 4.184M, down from 4.331M last month and down from 4.206M one year ago. This is a change of -3.39% from last month and -0.52% from one year ago. The Canadian crude oil industry has declared a national emergency after prices plunged to record lows. The American benchmark price for oil is now well below $60 a barrel, having dropped $20 in the last six weeks. While that’s good news for prices at the pump, it’s causing misery for producers. We use the front-month futures contract for a barrel of West Texas Intermediate oil traded on the New York Mercantile Exchange. This is the world's most liquid forum for crude oil trading, according to NYMEX

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31 Dec 2019 At settlement, February West Texas Intermediate contract dropped back $0.62 to a $61.06 bbl settlement, and ICE March Brent ended at $66  2 Apr 2012 Summary: Crude Price Trends - Brent & WTI outrights, Gasoil extra grades are added); it is just the alignment with futures expiry that varies. As a result, a November swap will settle vs. the January futures contract. If the swap were a WTI swap rather than a Brent swap, the settlement would be calculated 

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Also, the United States maintains the world's largest strategic petroleum reserve. It holds 727 million barrels. It's used to keep the economy running smoothly when   29 Jan 2020 At the end of 2018, Venezuela's proved oil reserves stood at 303,300 million barrels, while Canada's reserves totalled 167,800 million barrels. For the purposes of the GFP ranking, oil production is applied as a bonus to each nation, the higher its production the better effect on a theoretical war effort.

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20 Nov 2019 The prerequisite is that gold's COT report shows signs of a bull market, that the US Dollar is not too bullish (neutral to bearish at times) and 

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