MARKET WATCH: Oil prices continue downward dip

The September contract for benchmark US light, sweet crudes fell 97¢ to $103.40/bbl Aug. 8 on the New York Mercantile Exchange. The October contract dropped $1.04 to $102.87/bbl.

Heating oil for September delivery lost less than 1¢ to settle practically unchanged at $2.96/gal on NYMEX. Reformulated stock for oxygenate blending for the same month declined 1.3¢ to $2.86/gal.

The September natural gas contract increased 5¢ to close at a rounded $3.30/MMbtu on NYMEX. On the US spot market, gas at Henry Hub, La., lost about 3¢ to $3.27/MMbtu.

In London, the September IPE contract for North Sea Brent declined 76¢ to $106.68/bbl. Gas oil for August was down $10 to $896/tonne.

The average price for the Organization of Petroleum Exporting Countries’ basket of 12 benchmark crudes decreased 42¢ to $104.47/bbl.

Correcction: It was incorrectly reported Aug. 8 that the OPEC secretariat would not report another basket price before Aug. 12.

Related Articles

Judge bars Anadarko e-mails as evidence in Macondo blowout hearing

03/21/2014 A federal district judge in New Orleans refused to accept e-mails between Anadarko Petroleum Corp. and BP PLC as evidence in a hearing to determine...

Industry group welcomes most UK budget moves

03/21/2014 Oil & Gas UK voiced support for all but one of several measures affecting the offshore producing industry announced in the UK government’s annu...

MARKET WATCH: Crude oil, gas futures prices slide entering spring

03/21/2014

The first day of spring in the northern hemisphere was marked by lower crude oil and natural gas futures prices.

OMV acquires West of Shetland licenses from Hess

03/21/2014 OMV AG has reached an agreement with Hess Corp. to acquire four licenses in West of Shetland, UK, including Cambo field and the Blackrock prospect,...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected