Oil up 3 percent as Canada fire, Libya violence unleash supply fears

05 May 2016, New York — Oil prices jumped 3 percent on Thursday, resuming their rally from last week, as a raging wildfire near Canada’s oil sands region and escalating Libyan violence raised more worries about immediate oil supplies than a longer-term glut. The wildfire near Fort McMurray in Alberta, Canada, has grown five times […] More »