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by Stockwatch Business Reporter

West Texas Intermediate crude for December delivery added 41 cents to $60.98 on the New York Merc, while Brent for December added seven cents to $65.07 (all figures in this para U.S.). Despite scratching out gains today, both benchmarks notched a weekly decline, as well as their third consecutive monthly decline. Western Canadian Select traded at a discount of $12.30 to WTI, up from a discount of $12.40. Natural gas for December added 16 cents to $4.12. The TSX energy index lost 1.42 points to close at 286.43.

Oil sands producer Cenovus Energy Inc. (CVE) added 23 cents to $23.70 on 21.3 million shares, after releasing its third quarter financials and weathering yet another delay in a stormy takeover drama. Starting with the financials, they held few surprises, but the ones that were there were generally pleasing ones. Cenovus already told investors earlier this month that its upstream (production) division averaged 832,000 barrels a day and its downstream (refining) division had 98.8-per-cent utilization during the quarter. Analysts were thus predicting overall cash flow of $1.29 a share. Instead, Cenovus turned in $1.39 a share.

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