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Line chart showing WTI crude oil up 25 percent in three weeks after a Saudi pipeline strike.

WTI crude has climbed 25 per cent in three weeks after drone strikes shut down Saudi Arabia's East-West pipeline, a route that had carried 4 to 5 million barrels a day around the closed Strait of Hormuz to the Red Sea. The shutdown left both of Saudi Arabia's major export routes constrained at once, pushing the kingdom's crude supply to its lowest level in decades according to the International Energy Agency. Canadian energy shares have moved directly with the commodity, even as the broader Toronto stock index has lagged the sector.

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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Charts and data on this site are provided for general informational and educational purposes only and do not constitute financial, investment, tax, or legal advice. Each chart reflects the source and period indicated on it and may not represent current market conditions.

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