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by Stockwatch Business Reporter
West Texas Intermediate crude for April delivery added 68 cents to $67.04 on the New York Merc, while Brent for May added 90 cents to $70.26 (all figures in this para U.S.). Western Canadian Select traded at a discount of $13.00 to WTI, down from a discount of $12.40. Natural gas for April lost 15 cents to $4.30. The TSX energy index added 5.77 points to close at 251.39.
Oil prices headed higher today, but could not forestall yet another weekly loss: the seventh in a row for WTI, while Brent has been down for six out of seven weeks (having eked out a small gain in one of them). Today's jump in oil prices did, at least, give Canadian energy stocks a pleasing end to a turbulent week. Noteworthy gainers today included Imperial Oil Ltd. (IMO), up $5.42 to $98,75, Suncor Energy Inc. (SU), up $1.65 to $51.39 (ending a short but unhappy stint below $50), and International Petroleum Corp. (IPCO), up $1.09 to $19.92.
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