Motor oil prices are on the rise, experts say. The Strait of Hormuz is why | Page 908 | Unpublished
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Source Feed: Global News - Canada
Author: Adriana Fallico
Publication Date: May 19, 2026 - 15:52

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Motor oil prices are on the rise, experts say. The Strait of Hormuz is why

May 19, 2026
Currently, a barrel of West Texas intermediate crude oil is down about 87 cents to $1.08. Crude oil is down about $1.60 cents a barrel, with trading at about $110 a barrel.


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The way that Canada's economy reacted to the Iran war, particularly from higher oil and energy prices, will become clearer in the upcoming GDP report set for release on Friday.
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