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by Stockwatch Business Reporter

West Texas Intermediate crude for June delivery added 61 cents to $78.63 on the New York Merc, while Brent for July added 37 cents to $82.75 (all figures in this para U.S.). Western Canadian Select traded at a discount of $13.80 to WTI, down from a discount of $12.10. Natural gas for June added eight cents to $2.42. The TSX energy index added a fraction of a point to close at 293.07.

Here in Canada, gusty winds have blown an out-of-control wildfire even closer to the Alberta oil sands hub of Fort McMurray. Alberta Wildfire reported this morning that the fire has doubled since yesterday to 20,940 hectares from 9,600 hectares and is now 5.5 kilometres away from the city (compared with 25 kilometres when first detected last Friday). More than 6,600 residents from four neighbourhoods have heeded evacuation orders and left the city. The remaining neighbourhoods, and some surrounding regional communities, remain on evacuation alert, requiring residents to be ready to leave on short notice.

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