Summitt Blog
Canadian & Global News

Is $100 oil coming soon?

May 25, 2009

Rash of cancelled or postponed projects plus resurgent economic demand may have set the stage for crude rebound.

It’s been a relief while it has lasted. Lower oil prices, that is. But the days of cheaper oil are numbered.

The brief respite from last summer’s record-high crude prices, which aggravated the global economic slump, will soon give way to another oil-price spike that may be more painful than the last one.

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