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by Stockwatch Business Reporter

West Texas Intermediate crude for July delivery lost $1.13 to $70.71 on the New York Merc, while Brent for July lost $1.01 to $78.79 (all figures in this para U.S.). Western Canadian Select traded at a discount of $17.15 to WTI ($53.56), unchanged. Natural gas for June gained three cents to $2.94. The TSX energy index lost 2.48 points to 203.88.

North Dakota Bakken/Three Forks producer PetroShale Inc. (PSH) lost two cents to $2.34 on 173,100 shares, giving back a portion of the nine cents that it gained yesterday after touting a significant production boost. The company is now producing more than 6,000 barrels of oil equivalent a day, compared with 2,121 barrels a day in the fourth quarter of 2017. The increase comes from four wells that began production in the first quarter of 2018. Those four wells were drilled in PetroShale's core Antelope and South Berthold areas. The company plans to begin a seven- or eight-well drilling program in the third quarter and then complete the program in the first quarter of 2019.

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