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by Stockwatch Business Reporter

West Texas Intermediate crude for November delivery added 40 cents to $60.88 on the New York Merc, while Brent for December added 42 cents to $64.53 (all figures in this para U.S.). Despite today's rise, both benchmarks notched their largest weekly decrease since June. Western Canadian Select traded at a discount of $11.90 to WTI, down from a discount of $10.30. Natural gas for November lost 11 cents to $3.32. The TSX energy index added 2.97 points to close at 287.52.

Oil sands giant Suncor Energy Inc. (SU) added 29 cents to $57.70 on 7.94 million shares, as it got its cheerleaders (also known as analysts) revved up for an investor day that is still months away. In a new research note, RBC analyst Greg Pardy said his recent discussion with Suncor's management has assured him that Suncor is solidifying a much-needed "clear approach ... [to] its long-term game plan." Concerns about Suncor's long-term bitumen supply have been a "missing ingredient" in shareholder confidence, opined Mr. Pardy. He revealed that Suncor will unveil a 10- to 20-year bitumen supply plan at an investor day next spring.

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