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by Stockwatch Business Reporter

West Texas Intermediate crude for June delivery lost $1.02 to $58.07 on the New York Merc, while Brent for July lost $1.03 to $61.12 (all figures in this para U.S.). Western Canadian Select traded at a discount of $11.30 to WTI, up from a discount of $14.30. Natural gas for June added 16 cents to $3.62. The TSX energy index added a fraction of a point to close at 239.96.

A seasonal deluge of quarterly financials poured in from the oil patch. Oil sands giant Suncor Energy Inc. (SU) lost $1.37 to $46.99 on 25.3 million shares, despite touting "record performance across both the upstream and downstream [divisions]" in the first quarter. Production of 853,200 barrels a day and cash flow of $2.46 a share came in higher than analysts' predictions of 844,000 barrels a day and $2.37 a share. The high cash flow was largely thanks to the downstream division, which achieved record throughput, utilization and refined product sales.

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