The Canadian Index

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Line chart of Brent and WTI daily closing prices from September 8 to October 5, 2026, with Brent well above WTI.

Brent has held at elevated levels while WTI trails it by an unusually wide margin, with Brent closing at or above $100 on 12 of the 20 sessions shown. The gap was far narrower on September 8. For Canada the difference matters because producers measure their results against WTI, so they capture only part of the premium tied to Strait of Hormuz disruption. Spreads quoted by other outlets differ with contract month and time of day.

This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.

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Bar chart of the IEA emergency oil release pace in million barrels a day for May, June and July 2026.

The International Energy Agency's emergency reserve release has slowed sharply since its largest-ever action in May.

IEA Emergency Oil Stock Release Pace, May to July 2026

October 6, 2026

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Line chart showing Brent crude oil prices falling below $87 after five consecutive sessions of gains.

Brent crude fell 2.18% to $87.04 Thursday, snapping a five session winning streak that had carried it from $79.36 on August 4 to a high of $88.98 on August 12.

Oil Fell This Week. The Hormuz Rhetoric Didn't.

August 14, 2026

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Line chart showing Brent crude oil's daily closing price reversing higher in early August 2026.

Iran's foreign minister set new preconditions for reopening the Strait of Hormuz, demanding sanctions relief and war reparations before any deal takes effect.

Iran Just Told the Market What the June MOU Actually Requires. The Market Priced Something Else.

August 10, 2026

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Line chart tracking the S&P/TSX Composite through July's ceasefire collapse, near-record rally, and late-month pullback to a 35,226 close.

The S&P/TSX Composite closed July at 35,226, up 1.06% for the month, a modest headline figure that conceals sharp intra-month swings.

S&P/TSX Composite closes July up 1.06% after a volatile month

July 31, 2026

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Line chart comparing Brent and WTI crude oil prices through July's four-leg rally to $85.47.

Brent and WTI crude both surged in July, with WTI ending the month at $85.47, up 23.0%, after round-tripping from a five-month low near $68.74.

WTI and Brent crude surge in July as the Iran ceasefire collapses

July 31, 2026

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Line chart of WTI crude oil prices from July 8 to July 28, 2026, marked with Middle East escalation and de-escalation events.

A claimed strike on Saudi Arabia's East-West Pipeline, the route built specifically to move crude around the Strait of Hormuz, landed the…

The Pipeline Built to Bypass Hormuz Risk Just Became a Target

July 28, 2026

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