An oil pump continues to operate in the Los Angeles area. John Fredricks/The Epoch TimesThe price of crude oil has fallen sharply this year, and the energy industry is bracing for lower prices in 2026.Prices for a barrel of West Texas Intermediate crude oil, the U.S. benchmark, have declined about 15 percent, to around $61 a barrel on the New York Mercantile Exchange.
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Ottawa
Tuesday, May 5, 2026
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