This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Stockwatch Business Reporter

West Texas Intermediate crude for October delivery added $2.56 to $47.15 on the New York Merc, boosted by a unexpectedly large decline in weekly crude stockpiles (all figures in this para U.S.). Data from the U.S. Energy Information Administration showed that crude stockpiles fell by 2.1 million barrels last week, whereas analysts had forecast a rise of 1.1 million barrels. This created hope that cutbacks in U.S. oil production are starting to have an effect on prices. Brent for November added $2.00 to $49.75. Western Canadian Select traded at a discount of $13.65 to WTI ($33.50), down from a discount of $13. Natural gas for October lost 6.8 cents to $2.66. The TSX energy index added 8.59 points to close at 172.16.

Energy companies rose with oil. Some of the largest gainers by percentage were Bonterra Energy Corp. (BNE), up $2.23 to $20.60, TORC Oil & Gas Ltd. (TOG), up 70 cents to $6.43, and Northern Blizzard Resources Inc. (NBZ), up 63 cents to $4.97.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS