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Canadian wildfire heating up WTI crude: Hansen
Ole Hansen, Saxo Bank's head of commodity strategy, outlines the main developments in oil production and how he believes oil could be traded. Saudi Arabia has appointed a new oil minister but Hansen believes that will not create any changes in the near term. Also, the wildfire in Canada is reducing oil production, but this could prove beneficial as it creates a slowdown in inventories.
01:46 minutes
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