May 9 (Reuters) - U.S. Bakken differentials rose on Mondayto the strongest in nearly three years as traders hurried to buythe crude on worries about supply constraints due to a ragingwildfire in Canada's Alberta province. The move follows Syncrude Canada cutting estimatedproduction volumes by some 35 percent in May after a wildfireforced the company to close its mines and upgrader operationsover the weekend, sources said. U.S. Bakken for June settled at 40 cents a barrel over WTIfrom 35 cents a barrel below WTI on Friday, according to ShorcanEnergy Brokers. That was the strongest since July 2013. Canadian crude prices climbed further on Monday as thewildfire entered a second week, with offline capacity estimatedat around 1 million barrels per day. Light, sweet barrels in the U.S. Gulf got a boost, withtraders expecting barrels to possibly move inland as a result ofthe production curbs. * Light Louisiana Sweet
LONDON MARKET OPEN: Oil majors boost FTSE; LVMH lifts Burberry
(Alliance News) - The FTSE 100 looked set to end the week on a high note in early Friday trading, buoyed by strong US economic data and rising oil prices.
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