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by Stockwatch Business Reporter

West Texas Intermediate crude for April delivery added $2.71 to $96.21 on the New York Merc, while Brent for May added $3.21 to $103.42, the latter holding firm in the triple digits as Iran escalated attacks on energy infrastructure in the Middle East (all figures in this para U.S.). Western Canadian Select traded at a discount of $19.00 to WTI, down from a discount of $11.30. Natural gas for April added one cent to $3.03. The TSX energy index added 4.18 points to close at 402.02 (its first time above 400 since 2008).

It was a quiet day for news in the Canadian oil patch, but the Canada Energy Regulator (CER) gave investors plenty to chew on in its latest annual long-term energy outlook. The 129-page report set out various supply and demand projections to 2050. "No single outlook can capture every possibility ... [and the report] is not a forecast or prediction of the future," cautioned chief executive officer Tracy Sletto in her foreword to the report. Yet there are some common threads across the scenarios.

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