Thursday, May 16, 2024

Oil Rises Due To Forest Fires In Canada, 16 MAY

 Oil Rises Due To Forest Fires In Canada

Time: 05/15/2024 07:31:01 Read: 1,391 times  {Economic: Al-Furat News} Oil prices rose in early trading on Wednesday, with major forest fires threatening the oil sands region in Canada and the market expecting a decline in US crude oil and gasoline stocks later today.

Brent crude futures rose 34 cents, or 0.4%, to $82.71 per barrel. US West Texas Intermediate crude futures rose 38 cents, or 0.5%, to $78.39 a barrel by 00:16 GMT.

A huge wildfire was approaching Fort McMurray, the center of Canada's oil sands industry, with production of about 3.3 million barrels per day, or two-thirds of the country's total production, and thousands in the suburbs were asked to evacuate.   LINK

https://alforatnews.iq/news/%D8%A7%D9%84%D9% 86%D9%81%D8%B7-%D9%8A%D8%B1%D8%AA%D9%81%D8%B9-%D8%A8%D9%81%D8%B9%D9%84-%D8%AD%D8%B1%D8%A7%D8%A6%D9%82-%D8%A7%D9%84%D8%BA%D8%A7%D8%A8%D8%A7%D8%AA-%D9%81%D9%8A-%D9%83%D9%86%D8%AF%D8%A7


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