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by Stockwatch Business Reporter

West Texas Intermediate crude for October delivery added 32 cents to $62.69 on the New York Merc, while Brent for November added 62 cents to $66.99, both benchmarks notching a weekly gain (all figures in this para U.S.). Western Canadian Select traded at a discount of $11.50 to WTI, up from a discount of $11.60. Natural gas for October added one cent to $2.94. The TSX energy index added a fraction of a point to close at 282.11.

Reactions are rolling in to the first fast-track-eligible shortlist of "nation-building" projects unveiled yesterday by Prime Minister Mark Carney. As discussed yesterday, one of the five projects on the list -- and the only one related to the oil and gas sector -- is LNG Canada phase 2, which would double the LNG (liquefied natural gas) export capacity of the freshly operational LNG Canada terminal in Kitimat. Throwing their support behind this project, Mr. Carney and his fellow politicians reiterated a campaign promise to turn Canada into an "energy superpower."

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