Oil over $80 a barrel
Posted Oct 4, 2010 11:40 am.
This article is more than 5 years old.
Slightly better economic data from the United States is getting the credit for pushing world oil prices above $80 a barrel.
Scotia Capital Commodities Expert Patricia Mohr told 660News, she puts the emphasis on the word “slight” when it comes to better economic data, because it’s not robust. But she added, the economy appears to be more steady in the United States.
She believes oil prices are going to remain very volatile moving forward, rising and falling on the results of various economic reports. She also notes higher oil prices are good for Alberta’s oilsands, making various projects in northern Alberta more viable.
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