Oil rises with the decline in US stocks and forest fires Canada

Crude futures rose nearly 1% Friday, May 29 / May after US stocks fell for the fourth straight week but prices are in the process of recording weekly decline due to rising dollar.

Prices rose by US inventory data and forest fires in Canada stopped 10% of the tar sands oil production there.

By 14:03 Moscow time crude "Brent" rose July / July delivery 69 cents to $ 63.3 a barrel.

And US crude to $ 58.43, up 75 cents.

Oil saw sharp declines earlier this week as renewed dollar's gains amid concerns that US crude supplies may have begun re-boarding after three weeks of decline.

And the loss of "Brent" about 4% this week in the weekly loss is the second in a row while US crude is moving to end the wave weekly gain a record loss of more than 2%, and for the Khaman it will be the biggest weekly decline for the two since mid-March / March last.