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by Stockwatch Business Reporter

West Texas Intermediate crude for May delivery added 21 cents to $68.28 on the New York Merc, while Brent for May added 16 cents to $72.16, both benchmarks notching their second consecutive weekly gains (all figures in this para U.S.). Western Canadian Select traded at a discount of $10.60 to WTI, up from a discount of $13.70. Natural gas for April added one cent to $3.98. The TSX energy index lost a fraction of a point to close at 269.67.

The nascent B.C. LNG (liquefied natural gas) industry is getting a $200-million show of support from the Canadian government. In an announcement this morning -- otherwise known as two days before Prime Minister Mark Carney is widely expected to launch a federal election campaign, triggering promises and politicking galore before Canadians head to the polls as early as April 28 -- the government announced that its Strategic Innovation Fund will contribute "up to $200-million" to the $5.9-billion Cedar LNG project in Kitimat.

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