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According to a Statscan report released Friday, gross domestic product in April grew at the fastest pace since December – 0.3 per cent – after a piddly 0.1-per cent gain in March, and a contraction in February. But don’t get too excited. The main driver was energy output, which rebounded after temporary shutdowns in the previous two months. Also, mining companies increased production.

Iran calls OPEC's decision to limit output 'baby step in right direction'

Iran exported oil at levels higher than allowed under Western sanctions for a fourth straight month in February with ship loading data obtained by Reuters showing top clients again bought additional than 1 million barrels per day (bpd).

B.C. First Nation members evict gas line surveyors, set up pipeline road block The Unis’tot’en clan says it is opposed to all pipelines slated to cross through its territories

Report Sees U.S. as Top Oil Producer, Overtaking Saudi Arabia, in 5 Years

Oil prices slide as hopes for Greece fade

In London, Brent crude for August delivery was down 94 cents at $96.67 per barrel on the ICE Futures exchange.

In London, Brent crude for August delivery was up 98 cents at US$90.21 per barrel on the ICE Futures exchange.