Imperial Oil Drops 3.78% to 2024 Low

Imperial Oil's stock price plummeted to its lowest level since February 2024, with an intraday decline of 3.78%.

Imperial Oil's recent stock performance has been influenced by broader market conditions. On April 7, 2025, the company's stock fell by 2.67%, underperforming the broader Canadian market. This decline suggests that the overall market sentiment may be playing a significant role in the stock's recent performance.

Despite the negative sentiments in the oil market, Imperial Oil managed to show a slight increase of 0.52% on April 7, 2025. This positive movement can be attributed to Canada's excess pipeline capacity and a weaker Canadian dollar. These factors are likely helping the company maintain tight differentials, which could be a stabilizing factor for its stock price.