Oil Price Will Hold Steady for Rest of Year, Alberta Analyst Says - Vancouver Sun

Posted August 2016

Declining oil production and lower stockpiles mean prices are likely to strengthen into next year, a new report from Deloitte’s Resource Evaluation and Advisory group says.
One major reason for the production drop was the Fort McMurray wildfire, which cut oilsands output by up to 1.5 million barrels a day, enough to temporarily bring world supply below consumption levels, says a price forecast released Tuesday.

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