SINGAPORE: Oil traders moved cautiously in Asia on Tuesday after the previous day’s sharp losses as the threat of wildfires to Canada’s crude-producing Alberta region eased and a strong greenback dampened appetite.

Canadian authorities were focusing on restoring output after the fires that have raged for a week forced oil companies in the area to shut down operations, slashing production by one million barrels a day.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details