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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (81006)	3/30/2020 7:57:55 AM
From: Goose94	Read Replies (1) of 203540

Crude Oil: WTI has been down as much as 7.4 per cent today, pushing it to the lowest level since 2002 amid what Bloomberg News frames as a “broken market” that’s drowning in crude. The price erosion is even more stunning here, with Western Canada Select down almost 87 per cent year-to-date and Alberta Premier Jason Kenney warning of “the largest single contraction of our economy in history” as the province contends with oil and health crises. Kenney also said late Friday he’s planning talks with American officials about potential coordinated measures to insulate the continent’s producers from the Saudi-Russia price war. We’ll explore what that could look like. BNN.ca

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