By The Canadian Press
CALGARY — A dramatic jump in oil prices linked to the promise of lower global production is fuelling hope the Canadian oil sector may soon recover from a two-year economic slump.
Observers say they are optimistic that Saudi Arabia, the top exporter in the Organization of the Petroleum Exporting Countries, is committed to cut exports to reduce a global oil glut that has depressed prices and contributed to thousands of layoffs in Western Canada.
They are also taking heart from... // Read Full Article