Air Canada T.AC

Alternate Symbol(s): ACDVF

Industrials Airlines

Air Canada is an airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States (U.S.) transborder market and the international market to and from Canada. It provides scheduled service directly to more than 180 airports in Canada, the United States and internationally on six continents. The Company’s Aeroplan program is Canada's premier travel loyalty program, where members can earn or redeem points on the airline partner network of 45 airlines, plus through a range of merchandise, hotel and car rental rewards. Its freight division, Air Canada Cargo, provides air freight lift and connectivity to hundreds of destinations across six continents using its passenger and freighter aircraft. Its Air Canada Vacations is a tour operator, which is engaged in developing, marketing, and distributing vacation travel packages in the outbound/inbound leisure travel market. Air Canada Rouge is Air Canada's leisure carrier.

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Air Canada > Crude Pricing WTI Should Fall Below US$80/bbl

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Comment by JuIieRichardson Nov 07, 2023 10:39am

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Post# 35721424

RE:Crude Pricing WTI Should Fall Below US$80/bbl

Oil now below $79

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US Energy Demand Softens. WTI Should Fall Below US$80/b In The Coming Weeks

Bearish pressure for crude comes from the weakness in OECD economies in the US, Europe and Japan. The significant rise of 1.3 Mb/d in US production this year is justification enough for crude to retreat and breach US$80/b. Expect WTI crude to bottom between US$74-US$78/b over the coming weeks. More production is expected from non-OPEC in 2024 to alleviate concern about OPEC production levels. Brazil and Guyana should together add 670 Kb/d according to Economist data and Canada will have TMX volumes moving west to BC ports for export to Asia.

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