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Energy Summary for Oct. 19, 2021

2021-10-19 20:24 ET - Market Summary

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by Stockwatch Business Reporter

West Texas Intermediate crude for November delivery added 52 cents to $82.96 on the New York Merc, while Brent for December added 75 cents to $85.08 (all figures in this para U.S.). Western Canadian Select traded at a discount of $13.30 to WTI, unchanged. Natural gas for November added 10 cents to $5.09. The TSX energy index added a fraction to close at 156.80.

After a rancorous campaign, Canada's corporate oil capital, Calgary, is getting a new mayor. Jyoti Gondek emerged as the winner in yesterday's municipal election. She succeeds Naheed Nenshi, who stepped down after three terms and 11 years on council.

Ms. Gondek (who will be Calgary's first female mayor) has been a city councillor for the last four years. Before that, she served on the city planning commission, and she worked in marketing at Greyhound Canada and two Alberta credit unions. A self-described centrist (which in Canadian politics just means gesturing to the right with one hand and to the left with the other), she vowed today to keep Calgary "focused on a recovery that is rooted in economic, social and environmental resiliency."

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