* WCS for June delivery in Hardisty, Alberta, ended the day
at $13.40 a barrel under the benchmark, according to brokerage
CalRock. On Monday the Canadian heavy benchmark settled at
$13.60 a barrel under WTI.
* Market players are concerned about wildfires in Alberta
that have shut in at least 319,000 barrels of oil equivalent per
day (boepd), or 3.7% of the country's production. The blazes are
currently impacting mainly light oil and gas production, but
eased on Wednesday as cooler temperatures helped firefighters
make progress.
* So far companies have not reported any damage to
production facilities and the Canadian Association of Petroleum
Producers said some companies had been able to restart in areas
where the fire risk had lessened.
* Global oil prices ticked up, reversing a more than 2% drop
earlier in the session, as markets weighed the U.S. government's
plans to refill the nation's emergency oil reserve and
anticipated higher seasonal demand.
* That put the outright price of WCS at just over $60 a
barrel.
(Reporting by Nia Williams; Editing by Sonali Paul)
May 9 (Reuters) - Western Canada Select (WCS) heavy
crude's discount to the benchmark West Texas Intermediate (WTI)
tightened on Tuesday:
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.