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Increase in demand raises prices as Canadian oil production rebounds

Cana­dian oil pro­duc­ers have brought 700,000 bar­rels a day back on­line after pro­duc­tion fell by one mil­lion bar­rels by mid-May. A sec­ond wave of lock­downs could weigh on de­mand.
Cana­dian oil pro­duc­ers have brought 700,000 bar­rels a day back on­line after pro­duc­tion fell by one mil­lion bar­rels by mid-May. A sec­ond wave of lock­downs could weigh on de­mand.
TODD KO­ROL/THE GLOBE AND MAIL

The vast majority of Canadian oil production has bounced back since the market nosedived in response to the COVID-19 pandemic earlier this year, with a slight uptick in oil price forecasts p...