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A quick overview of the pre-market crude oil prices (converted between domestic and international markets) in one chart.April 20th - According to a report released Monday by Statistics Canada, gasoline prices rose 21.2% month-over-month in March, the largest increase on record, driven by global oil price increases due to the conflict in the Middle East. Meanwhile, natural gas prices fell 18.1% month-over-month, curbing the upward trend in energy prices. Statistics Canada noted that natural gas prices are heavily influenced by North American supply, "and therefore less sensitive to global price fluctuations."April 20th - The Bulgarian Central Election Commission announced on the afternoon of April 20th local time that 98.78% of the votes in the parliamentary elections had been counted by 2 PM that day. Statistics released by the Central Election Commission show that the Progressive Bulgaria coalition led by former President Rumen Radev won 44.659% of the vote, significantly leading other parties and coalitions. Four other parties and coalitions also received more than 4% of the vote, meaning they also qualified for parliament.April 20th - Canadas annual inflation rate surged to 2.4% in March, reaching its highest level since the end of last year, primarily due to soaring gasoline prices caused by the Iran war. Canadas March CPI rose 0.9% month-on-month, the largest increase since February 2025, but below the market consensus of 1.1%.April 20th - Germany hopes the EU will place the transition to clean energy at the heart of its upcoming carbon market review. This comes after rising energy and fuel prices have drawn criticism of the regions key climate tools. In July, the European Commission will propose amendments to the EUs carbon emissions trading system, aligning it with a new target of reducing greenhouse gas emissions by 90% from 1990 levels by 2040. According to a document, Berlin hopes for targeted revisions to the cap-and-trade scheme to enhance the EUs competitiveness and protect its industrial base. This includes revising benchmarks that determine the free emission allowances available to each sector; simultaneously, the pace of emission reductions will be slowed to prevent price spikes in the 2030s. Meanwhile, Germany supports industrial development by gradually phasing out free emission allowances, which allow certain sectors to emit carbon dioxide without paying for it.

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