Oil prices continued to rise on Tuesday amid expectations of shrinking supplies in light of a possible disruption to production in Canada. As a result of forest fires, in addition to strong demand and voluntary reductions in production.

The price of US West Texas Intermediate crude rose 18 cents to reach $79.30 per barrel, and Brent crude futures rose 19 cents to reach $83.55 per barrel.

IG market analyst Tony Sycamore noted that the market is monitoring forest fires in western Canada. It could disrupt the country's oil supply.

With the beginning of the wildfire season in Canada, firefighters rushed to contain one fire in British Columbia and two in Alberta, near the heart of the country's oil industry, and no operational disruptions were reported. Canada's production capacity reached 3.3 million barrels per day, and it is expected to be affected by this situation. Canada.

Oil prices rose by about 1% at settlement during the last trading session, due to improved demand from the United States and China.

Road trips on Labor Day weekend are expected to rise to the highest level since 2000, and Chinese data indicated that consumer prices rose for the third month in a row.

The Iraqi Oil Minister, Hayan Abdul Ghani, had stressed Baghdad's commitment to voluntary production cuts. The OPEC alliance includes the Organization of the Petroleum Exporting Countries and producers from outside it, led by Russia. Iraq is making a voluntary reduction and will not agree to any new reduction in production.