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by Stockwatch Business Reporter

West Texas Intermediate crude for December delivery edged up 31 cents to $90.83, while Brent for January inched up three cents to $98.32 (all figures in this para U.S.). Both benchmarks notched not just a weekly drop, but their largest weekly drop by percentage since April. Western Canadian Select traded at a discount of $29.30 to WTI, up from a discount of $32.00. Natural gas for December added five cents to $2.99. The TSX energy index lost 10.81 points to close at 430.08.

Canadian energy investors reached the end of a busy week packed with financials. Baytex Energy Corp. (BTE) slipped one cent to $5.92 on 13.5 million shares, after releasing a predictable third quarter report into an unpredictable market. Production for the quarter averaged 71,600 barrels of oil equivalent a day, in line with analysts' predictions of 71,500 barrels a day. A record 12,800 barrels a day came from the light-oil-rich Alberta Duvernay. This helped push cash flow to 47 cents a share, slightly ahead of predictions of 44 cents a share.

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