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by Stockwatch Business Reporter

West Texas Intermediate crude for December delivery added $1.40 to $60.09 on the New York Merc, while Brent for January added $1.38 to $64.39, both benchmarks notching a weekly gain (all figures in this para U.S.). Western Canadian Select traded at a discount of $13.20 to WTI, down from a discount of $11.80. Natural gas for December lost eight cents to $4.56. The TSX energy index added 6.60 points to close at 305.82.

The oil patch sifted through the second list of possible fast-track projects deemed by Prime Minister Mark Carney to be in Canada's national interest. Mr. Carney announced yesterday that he will refer six more infrastructure and critical resource projects -- and one concept of a project, a B.C.-to-Yukon investment corridor -- to the federal major projects office (MPO). As with the previous shortlist of five projects that made the cut in September, just one is specific to the oil and gas sector: the Ksi Lisims LNG (liquefied natural gas) export terminal on Pearse Island in northwest British Columbia. It joins the Kitimat-based LNG Canada phase 2 (announced in September) en route to the MPO. Together these projects would more than double Canada's LNG export capacity.

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