Canada incurs deficits due to current crude oil price gaps

Canada is distressed by account gaps due to oil price disparities. Sectors step up output to cover deficit, but to no avail.

Current Brent Crude Prices Stays Over $113 Per Barrel

The current price of Brent crude stayed over $113 per barrel. That is a slight recovery from the losses in the past 4 sessions.

IEA says South Sudan oil cuts increase current crude oil prices

International Energy Agency says rise in oil prices are triggered by South Sudan’s 350,000 bpd cut in crude oil production.

High Gasoline Prices do not Profit Gasoline Stations

Profits of gasoline stations are affected when gasoline prices increase.

Crude Oil Prices Increase due to Improved Economic Outlook and Higher Oil Demand

Crude oil prices posted a recent increase due to improvements in economic perception and a possible rise in oil demand in the United States.

Analysts and Oil Traders See Signs of Oil Prices Reaching $200 per Barrel

Indicators that crude prices may reach higher levels are coming together, according to analysts and oil traders. Several of them even project Brent crude to reach an oil price per barrel of $200 in the coming 12 months. According to them, the major issue is the unusually tight supply of crude stocks...