Ottawa Gas Prices, Traffic and Transportation Blog

Ottawa Gas Prices, Traffic and Transportation Blog. News, Articles, Analysis, Statistics, Observations, Forecasts, Opinions, Comments and Data on the Gas Prices, Traffic and Transportation in Ottawa (Ontario, Canada).

Friday, January 27, 2006

Canadian Oil Prices Climb for a Second Day


Crude oil for March delivery advanced as much as $1.05, or 1.6 percent, to $67.31 a barrel on the New York Mercantile Exchange. Oil reached $69.20 earlier this week, the highest in more than four months.

Thirty-one of 53 analysts surveyed by Bloomberg, or 58 percent, said oil prices will rise next week. Nine forecast prices will decline and 13 expected little change. Last week, 53 percent said prices would increase.

Bloomberg

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