The Middle East war has made it difficult for anyone to make economic forecasts
On Wednesday, the Fed's Powell said it's unclear what will happen with oil prices, tariffs
The S&P/TSX composite index was down 150 points on Wednesday
The IEA was created in the aftermath of the 1973 oil crisis
Consumer prices rose 2.4% in February on an annual basis
The April crude oil contract was down US$11.32 at US$83.45 per barrel
Freight volumes up 8% while crude oil exports nearly doubled
Jump of 22% compares with 6.6% rise in December
April crude contract spiked to nearly US$120 before easing to under US$95
Market reversal comes late in the day on hopes Iran War will be shortlived