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by Stockwatch Business Reporter

West Texas Intermediate crude for July delivery hurtled up $4.94 to $72.98 on the New York Merc, while Brent for August added $4.87 to $74.23 (all figures in this para U.S.). Western Canadian Select traded at a discount of $11.10 to WTI, down from a discount of $10.40. Natural gas for July added nine cents to $3.58. The TSX energy index added 7.59 points to close at 281.12.

Oil prices notched their largest weekly gain (by dollar amount and percentage) since October, 2022, spiking today after an Israeli attack on Iran prompted a retaliatory barrage of missiles. From the safety of Canada, TSX energy stocks rode the volatility higher. Major gainers today included Athabasca Oil Corp. (ATH), up 42 cents to $6.08, International Petroleum Corp. (IPCO), up $1.90 to $22.92, and the pan-American Gran Tierra Energy Inc. (GTE), up $1.18 to $8.32.

Darren Gee's Alberta Deep basin gas producer, Peyto Exploration & Development Corp. (PEY), added 36 cents to $20.62 on 1.91 million shares. It is saying goodbye to long-time director Mick MacBean. Although handily re-elected to the board at Peyto's recent shareholder meeting on May 22, Mr. MacBean has now announced that he is retiring, effective immediately.

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