Oil Prices Stable as Near-Term Supply Plentiful

Oil prices were broadly stable and MUFG said oil prompt spreads were in contango-where oil futures are more expensive than spot prices-signaling ample near-term supply.

Canada, Alberta Agree to Back New Crude Pipeline to Pacific Coast

The move is another sign of Prime Minister Mark Carney's bid to position Canada as an energy-exporting superpower.

The 'Five Alarm' Risks Facing the Power Grid This Summer