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by Stockwatch Business Reporter

West Texas Intermediate crude for December delivery added 65 cents to $69.26 on the New York Merc, while Brent for December added 61 cents to $73.16, both benchmarks notching a monthly gain and snapping a three-month losing streak (all figures in this para U.S.). Western Canadian Select traded at a discount of $12.50 to WTI, up from a discount of $12.80. Natural gas for December tumbled 14 cents to $2.70. The TSX energy index lost 3.42 points to close at 271.63.

Canadian energy investors spent the day wading through a flood of quarterly financials. The country's largest oil and gas producer, Canadian Natural Resources Ltd. (CNQ), edged down 15 cents to $47.35 on 12.5 million shares, after releasing solid but not entirely scar-free numbers. Although its production and cash flow were in line with or better than analysts' predictions, weaker commodity prices sent its adjusted net profit down to 97 cents a share in the quarter from $1.30 a share in the same period last year. The company has also docked more money from its gas drilling budget. Even so, it is sticking to its full-year guidance, as well as sticking to its previously announced plan to hike its quarterly dividend to 56.25 cents (from 52.5 cents) starting in January. It patted itself on the back for making 2025 its 25th consecutive year of dividend increases.

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