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by Stockwatch Business Reporter

West Texas Intermediate crude for October delivery lost 64 cents to $71.97 on the New York Merc, while Brent for November lost 33 cents to $75.34 -- both benchmarks posting their fourth consecutive week of gains despite today's drop (all figures in this para U.S.). Western Canadian Select traded at a discount of $11.90 to WTI, unchanged. Natural gas for October lost 23 cents to $5.11. The TSX energy index lost 2.60 points to close at 130.21.

Pipeline builder Enbridge Inc. (ENB: $50.66) ended the week miffed in Michigan. For starters, it has been embroiled for months in a legal battle with the Michigan government over the Line 5 pipeline, and this week the government filed a legal brief in which it "unambiguously communicated ... no desire to continue with the [court-ordered] mediation process." The state is digging in its heels about opposing Line 5, despite Enbridge's argument that pipelines are a federal matter and Line 5 has received federal clearance. An end to mediation could bring the start of more acrimony.

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