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Oil stocks set to fuel rise in equities

Oil companies operating in Alberta have been forced to cut output after a wildfire spread across the province

Fire is threatening oil installations at Alberta
The evacuation was the largest-ever in Alberta

US stocks are set to hit the comeback trail ahead of tomorrow's non-farm payrolls data for April, as oil prices recover.

West Texas Intermediate for June delivery rose more than 3% this morning after a wildfire disrupted production from Canada's oil sands industry.

A state of emergency was declared in the province of Alberta after a wildfire prompted 88,000 or so residents of Fort McMurray to flee the area.

Oil companies operating in the area have been forced to cut output, the BBC reported.

Energy firms are providing most of the blue-chip action in pre-market trading, pushing up the S&P 500 to around 2,060 on spread betting sites; the index closed at just over 2,051 last night.

The Dow Jones average, meanwhile, is set to claw back about 60 points or so of yesterday's near 100 point fall.

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