Market watchers are predicting a bearish outlook for crude oil prices, with fears of a drastic fall if OPEC+ unwinds its existing output cuts. Tom Kloza, global head of energy analysis at OPIS, warns that oil prices could plummet to $30 or $40 a barrel without a real agreement to curb production, potentially erasing around 40% of current prices. Currently, global benchmark Brent is trading at $72 a barrel, while U.S. West Texas Intermediate futures are around $68 per barrel.
Full Article
Mississauga takes down American flags amid Canada-U.S. trade war
The city of Mississauga has taken down American flags in response to the Canada-U.S. trade war. This decision comes as tensions between the two countries continue to escalate. The move reflects the city's stance on the trade dispute and its impact on Canada. Full Article
Read more