Oil sees biggest one-day gains since 2008

Oil sees biggest one-day gains since 2008

Oil sees biggest one-day gains since 2008 Oil prices had their largest gains since 2008 Thursday as US GDP data helped boost sentiment. Analysts are suggesting that the recent rout may have bottomed-out but prices have lost almost a third since June. The low prices are set to cost Ontario billions according to a professor from the University of Alberta due to the equalization program that helps ensure that services are delivered with some uniformity across the country. The province may have to return the $2.7 billion that it received from the program this year and may not receive anything next year if its economy grows as expected.