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by Stockwatch Business Reporter

Oil prices continued to rally. West Texas Intermediate crude for October delivery added $2.66 to $45.22 on the New York Merc, while Brent for October added $2.49 to $50.05 (all figures in this para U.S.). Western Canadian Select traded at a discount of $14.75 to WTI ($30.47), unchanged. Natural gas for October added 7.7 cents to $2.715. The TSX energy index added 5.26 points to close at 177.36.

Canadian producers kept rising alongside oil. Notable gainers include Crescent Point Energy Corp. (CPG), which has added $1.72 to $15.33 over the last two days, MEG Energy Corp. (MEG), up $2.01 to $11.91 over the last two days, and Trilogy Energy Corp. (TET), up $1.19 to $4.72 over the last two days. The gains are largely thanks to the rally in oil, but some companies are also enjoying insider support. For example, at EnCana Corp. (ECA), seven insiders have bought a total of 102,505 shares in the last three days. This compares with just 12,222 shares bought over the rest of the year. EnCana's stock touched a low of $7.44 on Monday, but has since bounded up to close today at $9.33.

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