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by Stockwatch Business Reporter

West Texas Intermediate crude for November delivery added $1.34 to $70.56 on the New York Merc, while Brent for December added $1.23 to $74.29, both benchmarks bouncing higher after last week's steep losses (all figures in this para U.S.). Western Canadian Select traded at a discount of $13.30 to WTI, down from a discount of $12.30. Natural gas for November added six cents to $2.31. The TSX energy index added a fraction of a point to close at 278.39.

It was a quiet news day as the oil patch recovered from a busy weekend of hobnobbing and vote-watching. On Saturday, executives from 45 companies -- from the freshly listed Fiddlehead Resources Corp. (FHR: $0.15) to the high-profile Tourmaline Oil Corp. (TOU: $62.43) -- participated in the annual Schachter Energy Conference in Calgary. The conference is in its fifth year and is hosted by Josef Schachter's eponymous research firm (originally created in 1996 as Schachter Asset Management). Mr. Schachter and various executives drummed up more attention by opening the market this morning. For those who missed the action on the conference circuit, never fear: Many remarks will be recycled in conference calls over the coming weeks, as the sector heads into the third quarter reporting season. This kicks off later in the week with Whitecap Resources Inc. (WCP: $10.44) on Wednesday and Advantage Energy Ltd. (AAV: $9.18) on Thursday.

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