June 10 (Reuters) - The discount on Western Canada
Select (WCS) to the North American benchmark West Texas
Intermediate (WTI) futures held steady on Tuesday.
WCS for July delivery in Hardisty, Alberta, settled at $8.80
a barrel under the U.S. benchmark WTI, according to brokerage
CalRock, flat to Monday's trade.
* WCS discounts have been tight in recent days, partly due
to the
wildfire situation in Western Canada.
* Last week, wildfires burning in Canada's oil-producing
province
of Alberta prompted several oil sands operations to evacuate
workers as a precaution. About 344,000 barrels per day of
production, or about 7% of Canada's average daily crude
production, was disrupted as a result.
* Cenovus Energy ( CVE ) is in the process of ramping up
production at its Christina Lake oil sands site in Alberta after
shutting output due to wildfire risk in early June, its CEO
confirmed on Tuesday. Canada's largest crude producer, Canadian
Natural Resources ( CNQ ), restarted operations at its Jackfish
1 site.
* Canadian crude oil shipping market has been a bit quiet as
cargo
activity for August has been less active with wildfires and
closed arbitrage, according to an Oil Brokerage note.
* Global oil prices hit multi-week highs on Monday, buoyed
by a
weaker U.S. dollar, while investors awaited news from U.S.-China
trade talks in London in hopes that a deal could boost global
economic outlook and subsequently fuel demand.