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by Stockwatch Business Reporter

West Texas Intermediate crude for May delivery lost $1.60 to $63.08 on the New York Merc, while Brent for June lost $1.70 to $66.26 (all figures in this para U.S.). Western Canadian Select traded at a discount of $11.40 to WTI, up from a discount of $15.20. Natural gas for May lost 23 cents to $3.21. The TSX energy index lost 2.40 points to close at 240.02.

Oil prices started the week with a stumble, as traders returned from the Easter long weekend and returned their attention to global recession concerns sparked by aggressive U.S. tariffs. Despite the market malaise, the Canadian oil patch got an eye-catching vote of confidence from RBC quantitative analyst Bish Koziol, who overhauled his top 40 TSX list this morning and now has four producers on the list instead of just one. The analyst (who typically makes just a handful of periodic changes to his list) made an unusual 18 changes today. His additions included Canadian Natural Resources Ltd. (CNQ: $39.62), Suncor Energy Inc. (SU: $47.81) -- both of which have come and gone from the list in the past -- and, more rarely, Paramount Resources Ltd. (POU: $16.39). They join Imperial Oil Corp. (IMO: $89.62). Between them and the three energy service stocks already on the list, the energy weighting is now a relatively high 17.5 per cent.

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