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Stockhouse @ the Bell: Conflict Sends Oil Over $100 / Barrel

Stockhouse Editorial
2 Comments| March 1, 2022

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As the Russia Ukraine conflict deepens, Canada’s main stock index closed lower on Tuesday. Oil prices were up 10% in just two days and surged over $100. The battle is stoking oil supply fears which are overshadowing talks of a coordinated release of oil reserves. With no sign of a ceasefire and oil prices elevated, inflation concerns are likely to grow. The health care, financial, and industrial sectors moved lower.

Following another volatile day on Wall Street, US stocks were muted. Also concerning traders is the Federal Reserve, and its plan to lift interest rates as soon as this month. Meanwhile, manufacturing activity picked up more than expected during the month of February as COVID-19 infections fell.

Today in the Markets

TSX 21,004.51 -121.85 Click to enlarge
TSXV 853.29 +3.72 Click to enlarge
CSE 446.34 -10.82 Click to enlarge
DJIA 33,294.95 -597.65 Click to enlarge
NASDAQ 13,532.46 -218.94 Click to enlarge
S&P 500 4,306.25 -66.29 Click to enlarge

The Canadian dollar traded for 78.84 cents US compared with 78.57 cents US on Monday.

Crude oil prices were up 7.25 to $103.05.

The price of gold was up 30.21 to $1,938.91.

In world markets, the Nikkei was up 317.90 points to 26,844.72, the Hang Seng was up 48.69 points to 22,761.71, the FTSE was down 128.05 points to 7,330.20, and the DAX was down 556.17 points to 13,904.85.

Top 10 Bullboards:

Company Ticker Views
Theralase Technologies Inc. V.TLT 2385
Ivanhoe Mines Ltd. T.IVN 2065
Baytex Energy Corp T.BTE 1938
Africa Oil Corp T.AOI 1617
Datametrex AI Ltd V.DM 1592
PyroGenesis Canada Inc. T.PYR 1360
Xebec Adsorption Inc T.XBC 960
CGX Energy Inc V.OYL 840
New Found Gold V.NFG 618

Today in the News:

Sirios Resources Inc | Sirios Announces Drill Results Confirming Again the Continuity of Gold Mineralization at the Cheechoo Gold Deposit
New Age Metals Inc. | New Age Metals Further Confirms Higher Grades in Metallurgical Drill Holes at Dana and Lismer Zones, River Valley Palladium Project
Vejii Holdings | Vejii Holdings' B2B Platform VEDGEco USA to Exhibit at Expo West to Extend its Distribution Network
Queensland Gold Hills Corp. | Queensland Gold Hills Launches Inaugural Exploration Program at the Big Hill Gold and Titan Gold Projects in Australia
Hank Payments Corp. | Hank Payments Reports Second-Quarter Financial Results with Revenue Growth of 20% Year over Year Gross Profit Climbs to 88%
Callinex Mines Inc | Callinex Intersects 9m of 12.53% Copper and Other High-Grade Intervals at the Rainbow Deposit located in the Flin Flon Mining District, MB
Xebra Brands | Xebra Greatly Improves Liquidity and Access to U.S. Investors by Receiving DTC Eligibility
Banxa Holdings Inc. | Banxa Announces Fiscal Results for December Quarter 2021
Clear Blue Technologies International Inc. | Clear Blue Technologies Signs a Memorandum of Understanding with Expected Total Contract Value Exceeding $2 Million CAD
Nextech AR Solutions Corp | Nextech AR Launches Groundbreaking Human Hologram Creator App ARitize Holograms in Apple App Store
Cardiol Therapeutics Inc. | Cardiol Therapeutics Receives Clearance from the FDA and Regulatory Agencies in Brazil and Mexico for Important Protocol Amendments Designed to Expedite Patient Enrollment in the LANCER Trial
CULT Food Science Corp. | REPEAT: CULT Food Science Expands IP Portfolio with Multiple Cellular Agriculture Patents, Machine Learning Data and Bioprocess Prototyping Toolkits
Eloro Resources Ltd. | Eloro Resources Intersects 171.57 g Ag eq/t (12.04 g Ag/t, 0.29% Zn, 0.22% Pb and 0.22% Sn) over 373.40m in Southern Part of Santa Barbara Target at Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Bolivia
Puma Exploration Inc. | Puma Exploration Signs Strategic Land Package Agreement to Extend Its Williams Brook Gold Property
Baroyeca Gold & Silver Inc | Baroyeca Receives Assays up to 981.45, 669.23 and 502.95 g/t AgEq from Additional Drill Holes at the Atocha Project in Tolima, Colombia
Datametrex AI Ltd | Datametrex Launches Beta Testing of Medi-Call Telehealth App
Just Kitchen Hldgs | JustKitchen Reports Financial Results for its First Fiscal Quarter of 2022
Billy Goat Brands Ltd. | Billy Goat Brands Bolsters Senior Management Team of FunGuys Beverages
Graph Blockchain Inc. | Graph Blockchain Announces Successful Sale of First NFT for One Body Village Charity
Rock Tech Lithium Inc | Rock Tech Lithium Appoints Esther Bahne as Director
Global Care Capital Inc | Global Care Capital Announces Appointment of Auditor
Monument Mining Ltd. | Monument Reports Second Quarter Fiscal 2022 ("Q2 FY2022") Results
Delta 9 Cannabis Inc. | Delta 9 to Open 17th Cannabis Retail Store

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