Output down due to violence in Nigeria, export troubles in Libya and wildfires in Canada
Tue, May 24, 2016 - 5:50 AM
The Canadian wildfire doubled to an area more than five times bigger than New York City in about a week, threatening oil-sand mines.
INVESTORS have some sad reasons to be optimistic about oil prices.
Outbreaks of violence in Nigeria, export troubles in a divided Libya and wildfires ripping across the Canadian oil sands are reviving wagers that crude markets will tighten. Speculators' net-long position...