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Crude oil prices fell to around $101 per barrel on Monday but retained most of last week’s 10% surge, as escalating hostilities in the Middle East and Eastern Europe kept supply risks elevated. Clashes between Saudi Arabia and Iran-backed Houthi rebels showed little sign of abating, with a Saudi helicopter crashing nea
Bitcoin fell to around $81,500 in afternoon trade as broader markets reacted to higher oil prices and hawkish Federal Reserve comments.
Oil futures were volatile as concerns over renewed strikes on Iran and a hurricane threat to Gulf production helped drive early gains, while later trade reversed lower. The EIA also reported a 3.2 million-barrel draw in U.S. crude stocks.
TSX futures trade higher as gold climbs, helping mining shares, while oil slips after a sharp weekly rally amid US–Canada trade escalation and Canada pledging to match 50% US tariffs on selected goods.