Oil spikes on Mideast tensions

As Washington threatens to enter the conflict between Israel and Iran, oil prices spiked Thursday. WTI jumped 5.25% to US$73.75. By far, energy was the strongest sector on the TSX as most others fell, led by real estate and materials.

Major movers on Bay Street: Parex Resources 6.03%, Baytex 4.25%, Secure Energy Services 5.84%, MDA 5.54% and Equinox Gold -4.93%. Gold itself held around US$2,657.

On Wall Street, the S&P closed -0.17%, the Dow -0.44%, and the Nasdaq sank six points. Major names on Wall Street started, unsurprisingly, in energy: Constellation Energy up 4.518%, Valero Energy 6.15%, Nvidia 3.324%, Tesla -3.35% and Constellation Brands -4.7%. Bitcoin edged up US$40 to US$60,950 while the U.S. 10-year inched up to 3.852%.

🛢 Parex Resources Inc. (PXT-T) +6.03%

🛢 Baytex Energy Corp (BTE-T) +4.25%

🛢 Secure Energy Services (SES-T) +5.84%

🧬 MDA Ltd. (MDA-T) +5.54%

🥇 Equinox Gold (EQX-T) -4.93%

💡 Constellation Energy (CEG-Q) +4.518%

🛢 Valero Energy Corp (VLO-N) +6.15%

💾 NVIDIA Corporation (NVDA-Q) +3.324%

🚗 Tesla Inc (TSLA-Q) -3.35%

🍺 Constellation Brands Inc (STZ-N) -4.7%