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by Stockwatch Business Reporter

West Texas Intermediate crude for April delivery lost eight cents to $77.93 on the New York Merc, while Brent for May went the other direction and added 13 cents to $82.21 (all figures in this para U.S.). Western Canadian Select traded at a discount of $15.60 to WTI, down from a discount of $14.90. Natural gas for April lost five cents to $1.76. The TSX energy index added a fraction of a point to close at 266.21.

Oil prices had a wobbly day, as traders drummed their fingers and waited for fresh batches of data. Monthly reports from OPEC and the International Energy Agency are scheduled for Tuesday and Thursday, respectively, providing updated forecasts on demand (particularly in the wake of OPEC's decision last week to extend some voluntary production cuts). Meanwhile, the U.S. government is preparing its latest monthly readings on inflation, inevitably feeding speculation about when the Federal Reserve might be able to cut interest rates.

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