Canadian Energy Stocks Whipsaw as Oil Crashes 11% on Hormuz Reopening
Canadian energy producers experienced extreme volatility Friday as crude oil prices collapsed 11.4%, with WTI falling to $83.85 per barrel following Iran’s announcement that the Strait of Hormuz would reopen to commercial shipping. The S&P/TSX Capped Energy Index dropped 4.79% despite the broader market rallying, highlighting the sector’s vulnerability to geopolitical reversals. The price crash…


