Share this Story : Edmonton Journal Copy Link Email X Reddit Pinterest LinkedIn Tumblr

Varcoe: Sharp spike in oil prices rewrites Alberta economic outlook

'We have entered scenario-land. You can't be definitive, but you can start thinking through scenarios,' said ATB chief economist Mark Parsons

You can save this article by registering for free here. Or sign-in if you have an account.

Will a rapid rise in oil prices this week recalibrate the outlook for the province’s energy-powered economy?

Subscribe now to read the latest news in your city and across Canada.

Exclusive articles by David Staples, Keith Gerein and others, Oilers news from Cult of Hockey, Ask EJ Anything features, the Noon News Roundup and Under the Dome newsletters.

Unlimited online access to Edmonton Journal and 15 news sites with one account.

Edmonton Journal ePaper, an electronic replica of the print edition to view on any device, share and comment on.

Daily puzzles, including the New York Times Crossword.

Support local journalism.

Subscribe now to read the latest news in your city and across Canada.

Exclusive articles by David Staples, Keith Gerein and others, Oilers news from Cult of Hockey, Ask EJ Anything features, the Noon News Roundup and Under the Dome newsletters.

Unlimited online access to Edmonton Journal and 15 news sites with one account.

Edmonton Journal ePaper, an electronic replica of the print edition to view on any device, share and comment on.

Daily puzzles, including the New York Times Crossword.

Support local journalism.

Create an account or sign in to continue with your reading experience.

Access articles from across Canada with one account.

Share your thoughts and join the conversation in the comments.

Enjoy additional articles per month.

Get email updates from your favourite authors.

Create an account or sign in to continue with your reading experience.

Access articles from across Canada with one account

Share your thoughts and join the conversation in the comments

Enjoy additional articles per month

Get email updates from your favourite authors

Sign In or Create an Account

That’s the tricky issue experts are striving to figure out, as oil prices have surged more than 35 per cent since the beginning of March with the escalating war in the Middle East.

Benchmark West Texas Intermediate (WTI) crude closed at US$90.90 a barrel on Friday, up almost $10 from Thursday.

It’s a sharp upturn since New Year’s Day, when crude prices were sloshing around $57 a barrel and the growth outlook for the provincial economy was relatively modest.

Get the latest headlines,........

© Edmonton Journal