Crude oil rallies to 11-month high above $50 US a barrel

[B00Mer]

Crude oil rallies to 11-month high above $50 US a barrel

The North American benchmark oil price closed above $50 US for the first time since last July, pushing the Canadian dollar higher along with it.

Continue reading...

 

[Walter]

Good news for the ecotards.

 

[taxslave]

Poor flossy. Wrong again.And he so hates good news.

 

[B00Mer]

Poor flossy. Wrong again.And he so hates good news.

Two refineries were offline and are going back to work today in Alberta.. and they caused a temporary shortage... I wonder now that they are back online, will the prices stay above $50?

 

[B00Mer]

Oil could rise to $70 this year

 

[Walter]

Oil could rise to $70 this year

Could go to $20, too.

 

[B00Mer]

Could go to $20, too.

That's being a bit of a downer Walter... I'd like to see $90, hell $120...

 

[MHz]

So how come the gas at the pump rallied a few months back already??

 

[B00Mer]

So how come the gas at the pump rallied a few months back already??

Summer driving usages, and Fort Mac fire shut down some production... have you been to a Petro Can.. they don't have gas to sell.

 

[MHz]

Ft Mac's contribution is next to nothing, they practically give it away so it has some value. Heavy oil is what they produce, not gasoline.

 

[Johnnny]

Strong dollar is good for consumers....

Crude oil rallies to 11-month high above $50 US a barrel

The North American benchmark oil price closed above $50 US for the first time since last July, pushing the Canadian dollar higher along with it.

Continue reading...

Don't Crack the champagne yet... As the price of oil currently rises for whatever reason for whatever length of time, investment will flow to the United States... Thanks to Canada's rushed decisions our oil industry basically committed suicide.

They call the place America and it's more of a superpower than us now in terms of oil...