After the fire in Canada crude oil price rises more than 3%

Crude oil prices marks a surge in European trade on Thursday, as a result of a fire that broke out in Canada that has stopped production of the raw material in the country.
A huge fire, which forced 88,000 people to leave the city of Fort McMurray, in the western part of the country, is threatening the airport and the countries south of the city, as reported yesterday by the authorities.

As a precaution, some pipelines have been closed in the region, while production in many plants was interrupted, although it is not yet clear what is the volumes are reduced. On the New York Mercantile Exchange, crude for June delivery squirts of $ 1.42, or 3.24%, to $ 45.20 a barrel at 08:03 GMT, or 04:03 ET, after scoring daily high of $ 45.31.

Yesterday, the price of Nymex rose 13 cents, or 0.3%, after data that showed the biggest weekly drop in US production in almost a year and the biggest increase than expected in US stocks relative to last week .
US crude inventories rose by 2.8 million barrels in the week ending April 29 to 543.4 million barrels, a new record high.