Canadian oil prices jump as traders brace for supply constraint

[WorldNews]

Canadian crude prices climbed further on Monday as a raging wildfire in northern Alberta entered a second week and traders braced for possible supply constraints as the blaze had spurred some producers to shut facilities as a precaution. Canadian prices rallied during the latter half of last week as a number of producers, including Suncor Energy Inc and Shell, took some 1 million barrels a day of capacity offline as a precaution due to the fast-spreading fire.

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