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Author Topic: UPDATE 6-Oil rises near $46 as Canada fire supports with U.S. stocks in focus  (Read 1462 times)

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Offline Smokin Joe

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UPDATE 6-Oil rises near $46 as Canada fire supports with U.S. stocks in focus
« on: May 04, 2016, 03:06:05 pm »
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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Seventeen Techniques for Truth Suppression

Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience.

C S Lewis
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