While all eyes watched the OPEC saga last week, there was an outage in Canada’s oil sands that will cut production at least through July, supporting the U.S. benchmark prices, according to Goldman Sachs. Following a power outage at Syncrude Canada’s oil sands facility near Fort McMurray, Alberta, last week, oil production is expected to be offline at least through July, spokesman Will Gibson told Reuters on Friday. The Fort McMurray site has a capacity to produce up to 360,000 bpd. The halt could lead to a shortage in North America’s supplies and draw down stockpiles at Cushing, Oklahoma, supporting U.S. oil prices, Goldman Sachs said in a note on Sunday, as carried by Bloomberg . The ambiguous agreement to boost production that OPEC reached last week, on the other hand, will weigh on the international Brent Crude benchmark prices, according to Goldman Sachs. At 07:51 a.m. EDT on […]