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by Stockwatch Business Reporter

West Texas Intermediate crude for November delivery added $1.04 to $90.42, while Brent for November added 94 cents to $103.53, both benchmarks notching decisive monthly and quarterly gains (all figures in this para U.S.). Western Canadian Select traded at a discount of $25.60 to WTI, down from a discount of $21.80. Natural gas for November added one cent to $3.02. The TSX energy index added 2.57 points to close at 438.02.

Oil prices headed higher on stalled U.S.-Iran peace talks. Meanwhile, in its latest weekly data release, the U.S. Energy Information Administration reported that U.S. commercial crude stocks rose by 992,000 barrels last week. Analysts were expecting a decrease of 264,000 barrels. (Those figures exclude the Strategic Petroleum Reserve, which fell by 800,000 barrels last week -- its 27th weekly drawdown in a row -- and now sits at 283.7 million barrels, its lowest since 1982.)

Here in Canada, a proposed B.C. LNG (liquefied natural gas) project racked up another international customer. Today the U.K.-based Centrica PLC signed a heads of agreement to buy one million tonnes annually from the Ksi Lisims ("s'lisims") LNG project near Prince Rupert. Centrica joins Shell, France's TotalEnergies, Australia's Santos, and Germany's Uniper and SEFE as would-be customers, collectively claiming nine million of the project's 12-million-tonne-a-year capacity.

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