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The global oil market is in OPEC+ walk-up mode. That should keep prices supported this week ahead of the (now online) gaggle, which falls on June 2. After that, price direction hinges on the immediate fallout from the meeting, plus bets about the market’s 2H trajectory. Conventional wisdom points to an extension of the cartel’s current curbs, especially as ...
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Prices of products manufactured in Canada, as measured by the Industrial Product Price Index (IPPI), rose 1.5% month over month in April 2024 and increased 1.4% year over year. Prices of raw materials purchased by manufacturers operating in Canada, as measured by the Raw Materials Price Index (RMPI), increased 5.5% on a monthly basis in April 2024 and were ...