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by Stockwatch Business Reporter

West Texas Intermediate crude for November delivery added $2.88 to $97.97, while Brent for December had a quieter day and lost 14 cents to $105.92 (all figures in this para U.S.). Western Canadian Select traded at a discount of $27.70 to WTI, up from a discount of $28.90. Natural gas for November added four cents to $3.23. The TSX energy index added a fraction of a point to close at 478.27.

Oil prices had a mixed day as traders weighed supply pledges from Europe against supply data from the United States. The Paris-based International Energy Agency (IEA) announced today that member countries will release more emergency oil stocks than the 400 million barrels they originally agreed to in March. About 330 million barrels have already been released, said the agency, with members now taking "all necessary steps" to release another 100 million "in a timely manner consistent with national circumstances." As diesel markets are especially strained, the IEA said the pending releases will include 20 million barrels of diesel "as soon as possible."

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