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by Stockwatch Business Reporter

West Texas Intermediate crude for November delivery lost 59 cents to $61.78 on the New York Merc, while Brent for December lost 68 cents to $65.35 (all figures in this para U.S.). Western Canadian Select traded at a discount of $11.60 to WTI, down from a discount of $10.80. Natural gas for November added 17 cents to $3.47. The TSX energy index lost a fraction of a point to close at 286.43.

Oil prices edged down on numbers and noise. The U.S. Energy Information Administration (releasing its data on time despite a government shutdown that began overnight) said U.S. crude inventories rose by 1.8 million barrels last week, exceeding analysts' forecasts of an increase of 300,000 barrels. Separately, in a rare response to rumours about its production intentions, OPEC stated that it "firmly rejects recent media reports alleging that [OPEC+ is] planning to increase production by 500,000 [barrels a day]" at its meeting this weekend. (The specificity will, of course, only fuel rumours that OPEC+ is indeed planning an increase, just not half a million barrels.) Lastly, a morning report in The Globe and Mail claimed that the Alberta government is on the cusp of pitching a new pipeline to the B.C. coast, with support from Enbridge, South Bow and Trans Mountain.

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