July 5 (Reuters) - The discount on Western Canada Select
(WCS) heavy crude versus the North American benchmark West Texas
Intermediate (WTI) tightened for a second consecutive day on
Friday:
* WCS for August delivery in Hardisty, Alberta, settled at
$13.75 a barrel below WTI, according to brokerage CalRock,
having closed at $14.60 a barrel below WTI on Thursday.
* An out-of-control wildfire in the northern Alberta oil
sands region is threatening production, with very hot weather
forecast to continue over the next week.
* Suncor Energy ( SU ) has temporarily curtailed some
production at its 215,000 barrel-per-day (bpd) Firebag oil sands
site in northern Alberta as a precaution due to a nearby
wildfire.
* Global oil prices settled lower as the rising possibility
of a ceasefire deal in Gaza outweighed strong summer fuel demand
and potential supply disruptions from Gulf of Mexico hurricanes.