Oil, which slid from a six-month high at just over US$48 ($65.5) a barrel on April 28, has remained well-supported after an ongoing wildfire in Alberta, Canada, took out at least one million barrels in daily production capacity, or about a third of the country’s daily production, reports said. Brent crude was trading at US$45.70 per barrel on May 9, which is up by more than 20% since the start of the year. Oil prices have rebounded as a result of falling US production in recent weeks, with many shale producers forced out of business when prices fell to a 13-year low of US$28 a barrel in January. Data released by the Energy Information Administration May 4 revealed that US production fell by 113,000 barrels a day to 8.8 million in the last week of April, the biggest weekly drop since August 2015. Supply shortages in Nigeria ......