Canadian Crude Gains as Wildfires Curtail Sands Output

Canadian heavy crude prices strengthened for a third day as Alberta forest fires kept 10 percent of oil sands output offline and threatened production facilities.

Western Canadian Select’s discount to U.S. benchmark West Texas Intermediate shrank 75 cents to $8 a barrel, the narrowest in two weeks, data compiled by Bloomberg show. WCS’s price rose 92 cents to $48.68 a barrel.