Toronto stocks closed lower Monday, despite soaring share prices for Research in Motion Inc., on lower oil and gold prices.

The S&P/TSX composite index fell 95.37, or 0.80%, to 11,833.31.

Half of the 10 main TSX main groups finished higher, but the energy index shed 2.29%.

Light, sweet crude for April delivery closed down $1.26 to settle US$62.41 a barrel, following reports that OPEC wouldn’t cut production.

EnCana Corp. agreed to sell its natural gas storage business to a private equity fund for about US$1.5 billion. Shares in the firm dropped 72¢, or 1.44%, to $49.28.

Petro Canada inc. lost $2.67, or 4.81%, to $52.87.

Gold futures closed down $11.20 to US$566.80 an ounce. The materials sector moved down 1.95%.

Bema Gold Corp. moved down 20¢, or 3.80%, to $5.06.

The technology sector gained 2.84%, spurred forward by a surge in RIM shares. The maker of the Blackberry saw its stock gain $13.06, or 16.10%, to $94.18 after it announced Friday an agreement to pay US$612.5 million to NTP Inc. to settle its four-year-old patent dispute.

The Canadian dollar closed down 0.38 of a cent at US87.73¢.

The S&P/TSX Venture composite index index ticked down 7.72, or 0.29%, to 2,643.51.

In New York, higher yields on long-term Treasury notes waylaid the market, despite merger news that included a $67-billion deal that would see AT&T buy BellSouth Corp.

The Dow Jones industrials closed down 63 points at 10,958,59, the S&P 500 fell 8. 97 points to 1,278.26, and the Nasdaq composite index dropped 16.57 points to 2,286.03.