Oil in New York erased its discount to international prices amid speculation reduced supply from Canada because of wildfires will accelerate the seasonal drop in U.S. crude stockpiles. West Texas Intermediate for July delivery on Monday rose higher than Brent in London for a third straight session during intraday trading, advancing as much as 15 cents above the global benchmark. Futures on the New York Mercantile Exchange climbed as much as 2.9 percent as fires led to cuts equivalent to about 40 percent of oil sands production from Canada, the biggest supplier to the U.S. “We have supply issues coming out of Alberta and that’s affecting the confidence about Canada providing supply down through Cushing,” Jonathan Barratt, the chief investment officer at Ayers Alliance Securities in Sydney, said by phone. The reduction of Canadian oil to the U.S. — which imported about 3.17 million barrels a day last year […]