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by Stockwatch Business Reporter

West Texas Intermediate crude for January delivery added 21 cents to $56.15 on the New York Merc, while Brent for February added 14 cents to $59.82 (all figures in this para U.S.). Western Canadian Select traded at a discount of $13.50 to WTI, up from a discount of $14.00. Natural gas for January lost 11 cents to $3.90. The TSX energy index lost 4.32 points to close at 287.89.

Oil prices held steady as traders assessed supply disruption risks in Venezuela and Russia. A big story of the day was a shake-up at BP, where Murray Auchincloss is stepping down as chief executive officer -- the second CEO exit in two years -- to make way for Meg O'Neill, lured from Australia's Woodside Energy. Ms. O'Neill is the first CEO to be appointed from outside BP in its century-long history (and the first woman to lead any of the top five oil giants). While at Woodside, she oversaw a merger with BHP Group's petroleum arm, doubling Woodside's production and creating a top 10 global independent producer. Her appointment comes as BP scrabbles for stronger footing, including a return to traditional oil and gas, after a deeply unpopular foray into renewables.

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