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by Stockwatch Business Reporter

West Texas Intermediate crude for December delivery added $2.12 to $104.12, while Brent for December added $2.76 to $117.64, both benchmarks notching a weekly gain as well as their fourth straight monthly gain (all figures in this para U.S.). Western Canadian Select traded at a discount of $35.30 to WTI, down from a discount of $32.70. Natural gas for December lost 15 cents to $2.89. The TSX energy index added 8.32 points to close at 493.69.

Suncor Energy Inc. (SU) added $2.46 to $111.11 on 6.58 million shares, despite landing in unpleasant headlines to end the week. A gas release from the poop deck of its Terra Nova FPSO (floating production, storage and offloading vessel), located 350 kilometres off the coast of Newfoundland, is under review by the province's offshore regulator. The Canada-Newfoundland and Labrador Offshore Energy Regulator (C-NLOER) said a release of approximately 450 kilograms of hydrocarbon gas occurred while inert gas was being supplied to cargo tanks on Oct. 9. The release triggered an alarm, and the work areas were secured while an emergency response crew confirmed no further gas detection. No damage or injuries were reported.

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