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by Stockwatch Business Reporter

West Texas Intermediate crude for November delivery added 74 cents to $65.72 on the New York Merc, while Brent for November added 71 cents to $70.13, both benchmarks notching a weekly gain (all figures in this para U.S.). Western Canadian Select traded at a discount of $12.00 to WTI, down from a discount of $11.80. Natural gas for November added one cent to $3.20. The TSX energy index added a fraction of a point to close at 295.45.

Mike Belenkie's Alberta gas producer, Advantage Energy Ltd. (AAV), added 32 cents to $11.72 on 972,400 shares, despite shutting in a sizable chunk of production because of weak AECO gas prices (the benchmark in Alberta). AECO has now hit record lows four days in a row this week, dipping as low as negative 75 cents. Negative pricing means producers must choose whether to curtail gas production or pay to have it taken away. "These are the worst sustained prices we've ever seen," sighed Mr. Belenkie in a Reuters interview published today, "and therefore our shut-ins will be the most aggressive." He declined to give an exact amount.

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