Foreign Policy | The Era of Cheap Oil Is Coming to an End Foreign Policy Rather, the market can thank global disruptions of oil supplies, which in May reached their highest level in five years. The production declines were in large part due to wildfires in Canada that knocked some oil sands production in Alberta offline. Kilduff: Oil could get slammed by slowdown in this region Gold, Crude Oil Price Volatility May Slow as FOMC Nears Japan taps new options for crude oil suppliers |