CALGARY - ENERGY - The price of a barrel of oil tumbled today on market uncertainty after the close of the OPEC meetings in Vienna. The OPEC Conference reviewed the oil market outlook, in particular supply/demand projections for the first, second, third and fourth quarters of 2015, with emphasis on the first half of the year.
OPEC also considered forecasts for the world economic outlook and noted that the global economic recovery was continuing, albeit very slowly and unevenly spread, with growth forecast at 3.2% for 2014 and 3.6% for 2015.
