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by Stockwatch Business Reporter

West Texas Intermediate crude for December delivery added $1.00 to $41.74 on the New York Merc, while Brent for January added nine cents to $44.56 (all figures in this para U.S.). Analysts and traders cited fears of global supply disruptions in the wake of Friday's terrorist attacks on Paris and France's subsequent launch of air strikes in Syria. Such fears appeared partly offset by concerns that the terrorist attacks would lower economic activity in Europe and reduce the continent's oil demand. As well, the oil market is oversupplied as it is; the International Energy Agency reported on Friday that stockpiles have reached a record of nearly three billion barrels, equal to a month's global oil consumption. Amid such plentiful supplies, warned the IEA, "oil market bears may choose not to hibernate." Western Canadian Select traded at a discount of $14.85 to WTI ($26.89), down from a discount of $14.90. Natural gas for December added 2.4 cents to $2.385. The TSX energy index added 7.58 points to close at 182.86.

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