Thursday, May 12, 2016

Insight into the oil market
Trade Financials
  The oil prices surged more than 3% as a huge wildfire in Alberta, Canada disrupted production in the oil-rich region.     The wildfire near Fort McMurray in Alberta, Canada, has grown five times its initial size and spread south on Thursday, forcing more evacuations after 88,000 people fled the city since Tuesday, May 3rd. Several pipelines in the region have been shut as a precaution, and the output at several facilities was interrupted, though the affected volumes are yet unclear.  

 Oil Chart:
    
   
  
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