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by Stockwatch Business Reporter

West Texas Intermediate crude for August delivery added 11 cents to $68.69, notching a weekly loss for the shortened trading week (U.S. markets are closed tomorrow), while Brent for September added 23 cents to $71.80 (all figures in this para U.S.). Western Canadian Select traded at a discount of $15.60 to WTI, down from a discount of $12.90. Natural gas for August lost two cents to $3.19. The TSX energy index added 1.92 points to close at 375.07.

Fresh off the Canada Day holiday, the oil patch turned its attention to Alberta Premier Danielle Smith and her promised unveiling of details of a one-million-barrel-a-day pipeline to the West Coast -- until her morning news conference was abruptly pushed to the evening. The postponement came as news broke of a separate morning news conference by Prime Minister Mark Carney and B.C. Premier David Eby, regarding what the premier's office called a "a new multibillion-dollar agreement that will power decades of job growth and prosperity." The hope in pro-pipeline circles was that Mr. Carney might soften some of Mr. Eby's objections ahead of Ms. Smith's formal submission.

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