Cautious outlook for crude
A think-tank report is taking a cautious view of crude oil prices, despite substantial improvement over the past 6 months. Benchmark West Texas Intermediate has been hovering round the US$60/barrel mark for the past few months after falling as low as US$44 in January.  Now, the Conference Board of Canada says W-T-I should gradually recover, but will remain below US$65/barrel for the rest of this year. Drillers can't make ends meet with oil below the $50 mark and it's still a struggle at US$60/barrel....
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