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by Stockwatch Business Reporter

West Texas Intermediate crude for August delivery added 39 cents to $45.52 on the New York Merc, while Brent for September added 32 cents to $48.11 (all figures in this para U.S.). Western Canadian Select traded at a discount of $9.90 to WTI ($35.62), unchanged. Natural gas for August added five cents to $2.89. The TSX energy index lost 1.19 points to close at 167.20.

TORC Oil & Gas Ltd. (TOG) lost four cents to $4.77 on 1.46 million shares. Its stock is having an interesting summer, adding nearly 50 cents in two weeks before abruptly giving back 29 of those cents yesterday and another four cents today. Some of the excitement may have come from the company's recent European marketing trip led by Canaccord Genuity. One of Canaccord's analysts, Anthony Petrucci, talked up the road show in a research note yesterday evening. In his opinion, anyone who attended the meetings was left "reassured that [TORC's] model is in place to continue to thrive despite the current oil price."

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