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UPDATE 6-Oil rises near $46 as Canada fire supports with U.S. stocks in focus

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Smokin Joe:
LONDON, May 4 (Reuters) - Oil rose towards $46 a barrel on Wednesday as reduced production in Canada's oil sands region due to a wildfire pushed aside concerns about excess global supplies and expectations of rising U.S. crude inventories.

The Canadian province of Alberta was evacuating the entire population of Fort McMurray where a wildfire took hold in the heart of the country's oil sands region, prompting some companies to cut output.

Excerpt: more at:

http://www.cnbc.com/2016/05/04/reuters-america-update-6-oil-rises-near-46-as-canada-fire-supports-with-us-stocks-in-focus.html?utm_source=Crude+Oil+%2F+Natural+Gas&utm_campaign=8deb170248-Crude+Oil+Cuttings_05_04_2016&utm_medium=email&utm_term=0_994ec79b48-8deb170248-26524717

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