This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Stockwatch Business Reporter

West Texas Intermediate crude for June delivery lost $1.81 to $105.07 on the New York Merc, while Brent for June lost $4.02 to $114.01 (all figures in this para U.S.). Western Canadian Select traded at a discount of $22.30 to WTI, up from a discount of $24.10. Natural gas for June lost 11 cents to $2.76. The TSX energy index added 3.55 points to close at 430.30.

Oil prices shot up to a four-year high in early trading, with Brent briefly topping $126 (U.S.), before falling back sharply over a volatile session. The volatility was largely because of the rollover of the Brent June contract (which expired at the close today, leading to lower volume and greater swings as traders switched to the more active July contract). Adding to the moodiness were reports that the United States is considering relaunching attacks on Iran, which in turn vowed "long and painful" retaliation. In the end, oil prices ended the day lower, but were mixed on the month: WTI notched its fourth monthly gain in a row, while Brent snapped a three-month winning streak.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS