The extension of the OPEC+ production cut agreement did little to move oil prices as it had already been baked into oil prices Chart of the Week – Canada is the largest source of U.S. energy imports, and second-largest destination for U.S. energy exports. – Energy imported into the U.S. from Canada accounted for $85 billion of value, or about 27 percent of all Canada-to-U.S. trade. – Roughly 56 percent of oil imported into the U.S. came from Canada. Market Movers – Occidental Petroleum (NYSE: OXY) surged 33 percent on Friday, reaching a three-month high. It was the largest percentage increase in OXY’s history. – Whiting Petroleum (NYSE: WLL) fell by more than 30 percent on Tuesday, ending a brief surge in the company’s share price. The company declared bankruptcy on April 1. – Chesapeake Energy’s (NYSE: CHK) shares were halted on reports that the company was preparing to […]