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by Stockwatch Business Reporter

West Texas Intermediate crude for July delivery added 95 cents to $61.84 on the New York Merc, while Brent for July added 81 cents to $64.90 (all figures in this para U.S.). Western Canadian Select traded at a discount of $13.30 to WTI, down from a discount of $11.70. Natural gas for June lost 19 cents to $3.20. The TSX energy index lost 1.90 points to close at 257.24.

The oil patch sifted for nuggets of encouragement from yesterday's Throne Speech, the first from Prime Minister Mark Carney's new government. The speech reiterated a goal of turning Canada into "the world's leading energy superpower in both clean and conventional energy." This was music to the ears of the oil and gas sector's largest lobby group, the Canadian Association of Petroleum Producers (CAPP), which "appreciate[s] the significant change in tone ... on the opportunities that can be created by building on Canada's oil and natural gas industry," said chief executive officer Lisa Baiton in a statement. Adam Legge, president of the Business Council of Alberta, told the Calgary Herald that the new government is clearly "a government that wants to build things."

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