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Varcoe: Producers cautious as oil price's wild ride turns corner toward $65


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Buoyant oil markets began to close in on US$65 a barrel earlier this week and then promptly punched through that barrier on Friday.
Just don’t expect the president of Canada’s biggest oil producer to start betting on these higher prices quite yet, given the gravity-defying ride of the past 12 months.
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Varcoe: Oil price s wild ride turns corner and tops $65 Back to video
“A year ago, we were feeling pretty good. Then, of course, the pandemic hit, demand came down, we had the oversupply,” Tim McKay of Canadian Natural Resources said in an interview. ....

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