CALGARY — Analysts predict oil prices driven higher by production stoppages during the Fort McMurray, Alta., wildfires in May will bolster the bottom lines of Canadian oil and gas companies as they report financial results starting this week. Western Canada Select, the benchmark price for blended oilsands bitumen, rose by 58% in the three months ended June 30 to an average of Cdn$42.52 per barrel from $26.93 in the first quarter of the year,...
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