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Energy Summary for Feb. 6, 2020

2020-02-06 19:29 ET - Market Summary

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by Stockwatch Business Reporter

West Texas Intermediate crude for March delivery added 20 cents to $50.95 on the New York Merc, while Brent for April lost 35 cents to $54.93 (all figures in this para U.S.). Western Canadian Select traded at a discount of $18.50 to WTI, up from a discount of $19.04. Natural gas for March was unchanged at $1.86. The TSX energy index lost 1.69 points to close at 132.22.

They were warned. Six anti-pipeline protesters were arrested today in Northern British Columbia for refusing to heed an injunction issued on Dec. 31, 2019, ordering them to stop blocking construction of the Coastal GasLink pipeline. The protesters comprise hereditary (non-elected) chiefs of the Wet'suwet'en Nation and their supporters. The elected chiefs of the Wet'suwet'en are in favour of Coastal GasLink, as are all of the other elected band councils along the route, but to these protesters that is neither here nor there. They dubbed the injunction an act of "violence" (one of their favourite words regardless of applicability) and continued to misbehave even after the RCMP held a press conference today to say it would soon start enforcing the injunction. The arrests took place a few hours after the press conference. In the preferred rhetoric of the protesters, "Six Land Defenders [Have Been] Violently Arrested on Wet'suwet'en Territories," as they blared on their website -- right before asking for donations for their legal bills.

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