Dollars and SenseNewsOil & Gas

Oil prices rise amid U.S.-Iran tensions, economic ripple effects could be felt in Sask.

Source: Adam Hunter, CBC News, January 6, 2020

Extended increase in oil price could help Sask. economy

Oil prices have continued to rise in the wake of the U.S. killing of Iranian Gen. Qassem Soleimani and the situation has been having a ripple effect on the Saskatchewan and Canadian economy.

On Friday morning, a U.S. airstrike killed Soleimani, 62, and others as they travelled from Baghdad’s international airport.

West Texas Intermediate Crude is hovering around $63 US per barrel, its highest point since mid-September.

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