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by Stockwatch Business Reporter

West Texas Intermediate crude for May delivery lost 53 cents to $52.65 on the New York Merc, while Brent for June lost 53 cents to $55.36 (all figures in this para U.S.). Western Canadian Select traded at a discount of $9.55 to WTI ($43.10), unchanged. Natural gas for May lost seven cents to $3.16. The TSX energy index added 2.42 points to close at 201.43.

Li Ka-shing's Husky Energy Inc. (HSE) added 25 cents to $15.75 on 1.81 million shares, after acquiring another offshore Chinese project. It has signed a production-sharing agreement for the exploration-stage 16/25 block in the Pearl River Mouth basin of the South China Sea. This block is not far from the exploration-stage 15/33 block, where Husky previously said it would drill two wells in 2017/2018. Now it looks as though these wells are more firmly scheduled for 2018. Husky says it plans to drill two wells next year at the new 16/25 block, "in conjunction with" the two wells planned at 15/33.

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