WTI hits $145 CAD per barrel West Texas Intermediate crude for July delivery added 98 cents to $115.07 on the New York Merc, while Brent for July added $2.03 to $119.43 (all figures in this para U.S.).
Western Canadian Select traded at a discount of $18.00 to WTI, unchanged. Natural gas for July lost 17 cents to $8.73. The TSX energy index added 4.38 points to close at 270.48.
Oil prices climbed to their highest levels in 11 weeks, as North Americans headed into the unofficial start of the summer driving season (the U.S. Memorial Day long weekend). U.S. gasoline stockpiles are at their lowest seasonal level in eight years