Oct 7 (Reuters) - The discount on Western Canada Select
(WCS) heavy crude versus the North American benchmark West Texas
Intermediate (WTI) tightened on Monday:
* WCS for November delivery in Hardisty, Alberta, firmed on
Monday, trading at a low of minus $12.20 versus WTI, but
climbing to a $11.75 a barrel discount, according to brokerage
CalRock. It settled at $12.20 a barrel under the benchmark on
Friday.
* Oil futures rose by 3% on Monday, with Brent surpassing
$80 a barrel as conflict in the Middle East escalated. Brent
futures settled at $80.93 a barrel, while West Texas
Intermediate settled at $77.14 a barrel.
* Chevron ( CVX ) said on Monday it would sell its Athabasca
oil sands and Duvernay shale assets to Canadian Natural
Resources for $6.5 billion. The sale puts into motion Chevron's ( CVX )
plan to raise $10 billion to $15 billion through asset sales.