Growing number of forecasts predict US$100 oil this fall

📆 2023-09-20 6:58 PM

Canada News News

Canada Latest News,Canada Headlines

📆 2023-09-20 6:58 PM
📰 SooToday

⏱ Reading Time:
13 sec. here
2 min. at publisher
📊 Quality Score:
News: 9%
Publisher: 85%

CALGARY — A growing number of forecasts are calling for the return of US$100 oil before the end of the year.

Andrew Botterill with Deloitte Canada says triple-digit crude prices this fall are a growing possibility due to surging global energy demand and decisions by Saudi Arabia and Russia to extend their recent oil production cuts to the end of the

year.Higher energy prices will also make it more expensive for Canadians to heat their homes this winter.The price for benchmark crude West Texas Intermediate has jumped 30 per cent since June 1 and is hovering this week around US$90 per barrel.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Calls growing for inquiry into Calgary daycares E. coli outbreakCalls for an independent inquiry into the E. coli outbreak at Calgary daycares are growing louder as hundreds of children have become sick.
Read more »

Calgary HeraldRead latest breaking news, updates, and headlines. Calgary Herald offers information on latest national and international events \u0026 more.
Read more »

Calgary police members in hazmat suits searching property north of cityCalgary Police Service units are blocking access to a property in Rocky View County, just north of Calgary, as members in hazmat suits search buildings.
Read more »