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by Stockwatch Business Reporter

West Texas Intermediate crude for July delivery added $3.07 to $74.84 on the New York Merc, while Brent for August added $3.22 to $76.45, spiking on supply concerns in the Middle East after U.S. President Trump threatened Iran's leader on social media (all figures in this para U.S.). Western Canadian Select traded at a discount of $14.20 to WTI, down from a discount of $9.90. Natural gas for July added 11 cents to $3.85. The TSX energy index added 4.80 points to close at 283.53.

Canadian gas producers watched eagerly as LNG Canada continued to "advance towards delivering Canada's first LNG [liquefied natural gas] export facility," as it cheered in its latest community update. The Shell-backed $40-billion megaproject in Kitimat is within weeks of start-up. As part of its community notification program, LNG Canada has been posting frequent updates since April about flaring (which is a normal part of the commissioning process, occurring much less frequently during steady operations). The latest update confirmed that flaring associated with the start-up of the first train (train being the industry term for a processing unit) has officially begun.

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