Oil prices rose today on signs of improving demand. Prices drew support from expectations of strong U.S. gasoline demand, as motorist group AAA forecast this year’s Memorial Day travel activity will be the highest since 2005, with road trips at a record since 2000. On the supply front, investors are watching for potential oil supply disruptions in Western Canada due to wildfires the country’s government has warned could be “catastrophic”. “Canadian oil sands production currently has a 3.3 million barrel daily capacity, which is very likely to be affected moving into the summer,” said Alex Hodes, analyst at energy brokerage StoneX. Analysts expect the U.S. central bank to keep its policy rate on hold for longer, supporting the dollar and making dollar-denominated oil more expensive for buyers holding other currencies. WTI traded up $0.86 or 1.1% to close at $79.12. Brent traded up $0.57 or 0.7% to close at $83.36.