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by Stockwatch Business Reporter

West Texas Intermediate crude for April delivery edged up 11 cents to $96.32 on the New York Merc, while Brent for May vaulted up $3.96 to $107.38 (all figures in this para U.S.). Western Canadian Select traded at a discount of $18.50 to WTI, up from a discount of $19.00. Natural gas for April added three cents to $3.06. The TSX energy index added 3.10 points to close at 405.12.

Oil prices had a mixed day amid escalating violence in the Middle East and bearish supply data from the United States. Iran reported explosions today at the South Pars gas field -- the country's and the world's largest gas field -- and threatened to retaliate with attacks on regional energy facilities. Meanwhile, the U.S. Energy Information Administration said U.S. crude stocks ballooned by 6.2 million barrels last week, soaring past analysts' predictions of an increase of 383,000 barrels.

Turning to the TSX, Gary Guidry's Gran Tierra Energy Inc. (GTE) lost 82 cents to $11.18 on 598,800 shares, as its PR crew grappled with the question of what to do when a mass exodus of directors raises unanswered questions. Its answer -- fill the silence with upbeat talk about future drill prospects -- landed in the market with a thud.

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