# Why Canadian Oil Is Lagging Even As Global Crude Soars

- Source: OilPrice.com
- Published: 2026-10-19T17:00:00+00:00
- Category: Markets
- Original: https://oilprice.com/Energy/Crude-Oil/Why-Canadian-Oil-Is-Lagging-Even-As-Global-Crude-Soars.html
- Canonical: https://groundlevelnews.com/story/why-canadian-oil-is-lagging-even-as-global-crude-soars-50fd7d/

The oil price rally resumed its upward trajectory on Friday after the U.S. Central Command (CENTCOM) confirmed the sinking of the Singapore-flagged container ship following an Iranian Revolutionary Guard Corps (IRGC) projectile strike in the Strait of Hormuz. Brent crude for December delivery jumped 3.33% to trade at $109.50 per barrel at 2.35 pm ET, while WTI crude for November delivery was up 3.

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