Advertisement
Canada markets open in 5 hours 12 minutes
  • S&P/TSX

    21,885.38
    +11.66 (+0.05%)
     
  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     
  • DOW

    38,085.80
    -375.12 (-0.98%)
     
  • CAD/USD

    0.7330
    +0.0007 (+0.09%)
     
  • CRUDE OIL

    83.99
    +0.42 (+0.50%)
     
  • Bitcoin CAD

    87,888.16
    +486.66 (+0.56%)
     
  • CMC Crypto 200

    1,387.54
    -9.00 (-0.64%)
     
  • GOLD FUTURES

    2,359.20
    +16.70 (+0.71%)
     
  • RUSSELL 2000

    1,981.12
    -14.31 (-0.72%)
     
  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     
  • NASDAQ futures

    17,760.00
    +192.50 (+1.10%)
     
  • VOLATILITY

    15.52
    +0.15 (+0.98%)
     
  • FTSE

    8,118.28
    +39.42 (+0.49%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     
  • CAD/EUR

    0.6822
    +0.0001 (+0.01%)
     

Venezuela’s Falling Crude Oil Production Drives Oil Prices Higher

Venezuela’s Falling Crude Oil Production Drives Oil Prices Higher

Venezuela is OPEC’s eighth-largest crude oil producer. The EIA estimates that Venezuela’s crude oil production decreased by 45,000 bpd (barrels per day) to 1,465,000 bpd in April—compared to March. The country’s production has dropped by 515,000 bpd or 26% year-over-year.