Oil prices rise amid news of fires in Canada and Nigeria

Serious fires in Canada in the oil sands region of Albert province have led to a reduction in the production of oil companies in that country. The fires that began in May caused a decrease in oil production in Canada, by about 2.5 million barrels per day.

Reports of supply problems overshadowed investor fears about an increase in US oil inventories, which rose to a record 543 million barrels. The demand in the oil market is growing in 2016 by almost 1.2 million barrels per day. The cost of July futures for Brent rose by 3.48 percent to $ 45.15 per barrel. June futures for WTI crude oil rose 2.07 percent to $ 44.34 per barrel

In addition, oil production declined in Nigeria, as unidentified gunmen attacked the oil platform of the American oil and gas company Chevron in the Niger Delta. For safety reasons, Chevron and Royal Dutch Shell have decided to evacuate workers from their facilities in the region. As a result, the country's oil production fell to a 22-year low.