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by Stockwatch Business Reporter
West Texas Intermediate crude for November delivery added 40 cents to $94.14, while Brent for December went the other way and lost 96 cents to $105.69 (all figures in this para U.S.). Western Canadian Select traded at a discount of $28.90 to WTI, down from a discount of $26.80. Natural gas for November added 11 cents to $3.28. The TSX energy index added 17.97 points to close at 459.97.
After racing to an almost one-month high yesterday, oil prices had a mixed day today as traders assessed a U.S.-Russia deal to free up additional Russian diesel supplies. The deal has drawn criticism from Republican and Democratic lawmakers alike, who say it appears to violate a 2022 law barring Russian energy imports until Moscow ends its war on Ukraine. U.S. President Donald Trump said the deal will lower domestic diesel prices and is "the right choice for the American people." The volumes are modest: about 15 million barrels in total over three months, equivalent to around five days of U.S. transportation sector consumption.
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